Turkish banks cover staff expenses by charges

Turkey’ banks gain 14.8 billion Turkish Liras from the revenues from service charges last year. The banking sector covers its staff expenditure cost, 14.2 billion liras, with non-interest income, according to figures.

The revenues gained by the Turkish banking sector from service charges, which amounted to 14.8 billion Turkish Liras last year, only just covered banks’ staff expenses that cost 14.2 billion liras.

While the banking sector’s net profits reached 23.6 billion liras - a 19.2 percent increase in 2012 from a year earlier - bank charges received from customer transactions made up a considerable part of this at 14.8 billion liras, according to figures from the Banking Regulation and Supervision Agency.

Bank charges and commissions obtained from credits made 19.2 billion liras in non-interest income last year, up from 17.1 billion liras in 2011. While credit fees and commissions totaled 4.4 billion liras, the bank charges received from customers amounted to 14.8 billion liras that was able to cover staff expenses cost 14.2 billion liras.


/HurriyetDailynews/