North central bank posts €148m profit
The north’s central bank posted a 5.3 billion TL (€147.5m) profit in 2023, a more than fourfold Turkish Lira-value increase on the previous year.
In terms of euro value, given that the Turkish Lira lost around a third of its value between December 2022 and December 2023, the 2023 profit was around three times higher than the 2022 figure of 1.2bn TL.
In addition to its headline profit figures, the bank said its total assets increased by 102.5 per cent to 107.4m TL (€3m), while it holds legal reserves of 15m TL (€418,663).
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