Garanti Bank's non-performing loans reached 2.69% of total loans at the end of 2017, down from 3.04% when compared to the previous year. Historically, the NPL ratio hit an all time high of 4.34% in 2009 and an all time low of 1.80% in 2011.
Provision coverage amounted to 78.0% at the end of 2017, down from 78.2% compared to a year earlier.
The bank created loan loss provisions worth of 1.71% of average loans in 2017. That's compared to 1.70% of loans the bank put aside to its cost on average in the last five years.