Turkey’s total banking sector deposits decreased during the week ending October 10, falling by TL 92.5 billion compared with the previous week, according to data released by the Central Bank of the Republic of Türkiye (CBRT).
The sector’s total deposits declined from TL 25.895 trillion to TL 25.803 trillion in the reporting period.
Lira Deposits Down, Foreign Currency Deposits Up
Turkish lira (TL) deposits fell by 0.8% to TL 13.97 trillion, while foreign currency (FX) deposits rose 1.8% to TL 8.67 trillion.
Total FX deposits in the banking system stood at $246.6 billion, of which $208.6 billion belonged to residents in Türkiye. Adjusted for parity effects, residents’ FX deposits increased by approximately $1.45 billion as of October 10.
Consumer Loans on the Rise
Domestic residents’ consumer loans grew by 0.5% over the same week, reaching TL 5.16 trillion.
Of this total:
- TL 630 billion were housing loans,
- TL 49.7 billion were vehicle loans,
- TL 1.93 trillion were personal (needs) loans, and
- TL 2.55 trillion were balances on individual credit cards.
Credit Volume Expands
Including loans extended by the CBRT, the banking sector’s total credit volume increased by TL 43.2 billion to reach TL 20.65 trillion in the week ending October 10.
Overall, while deposits showed a week-on-week decline, continued growth in lending—especially in consumer loans—indicates persistent domestic demand for credit within Türkiye’s banking sector.