Turkish Central Bank Reveals Profit Of $3.78 Billion For 2022

The Central Bank of the Republic of Turkey (CBRT) has reported a net profit of TL 72.02 billion ($3.78 billion) for the year 2022.

This is according to the balance sheet published on Friday in the Official Gazette.

This is an increase from the CBRT's profit of TL 57.5 billion in 2021.

Meanwhile, the CBRT has previously said that it has donated TL 30 billion from its 2022 balance sheet profit for the earthquake relief efforts.

This comes as two major quakes hit Turkey on February 6, affecting 11 provinces and leading the government institutions to run a campaign for relief and reconstruction efforts.

Following the CBRT's annual general assembly, which will be held on March 28, 2023, the bank will transfer its profits from the previous year to the Treasury within a few days.

The CBRT has announced that its 91st Fiscal Period Ordinary General Assembly Meeting will be held both electronically and physically at the Headquarters Conference Hall in Ankara.

The meeting will include discussions and decisions related to the 2022 dividend distribution, as well as the reading and discussion of proposals regarding the balance sheet, profit and loss account for the year, and the distribution of profits.