The total non-performing loans (NPL) in Turkey have shown a gradual increase from 2013 to 2023, with values rising from 2.64% in 2013 to 3.48% in 2023. The trend demonstrates fluctuations with a notable peak in 2018 at 3.69%. Over the last two years, the NPL values increased slightly from 3.46% in 2021 to 3.48% in 2023, indicating a stable yet slow upward trend.

From 2024 onwards, forecasted data suggests a continuing, but minimal, increase in NPLs, reaching 3.52% in 2028. The five-year CAGR from 2024 to 2028 is projected at 0.2%, with a forecasted five-year growth rate of 1.02%, indicating a very modest rise over this period.

Future trends to watch for:

Economic stability and growth rates in Turkey, which can impact loan repayments.
Regulatory changes in the banking sector that may affect loan performance.
Global economic conditions that could influence Turkey's financial sector.
Developments in Turkey’s political landscape as they might impact financial stability.