Central Bank Reports Significant Growth in Deposits and Credit Volume Amid Economic Activity
In the week ending June 14, the banking sector’s deposits increased by approximately ₺442 billion, reaching a total of ₺16.838 trillion, according to the Central Bank of the Republic of Turkiye (CBRT).
The CBRT’s weekly monetary and banking statistics revealed that deposits in the banking sector, including interbank deposits, increased by ₺442.043 billion, amounting to ₺16.838 trillion. During this period, Turkish lira deposits rose by 5.33%, totaling ₺10.173 trillion, while foreign currency deposits decreased by 1.36%, standing at ₺5.907 trillion.
The total foreign currency deposits in banks were $193.273 billion, with $162.839 billion held by domestic residents. Adjusted for parity effects, the foreign currency deposits of domestic residents decreased by $1.676 billion as of June 14.
Consumer loans in deposit banks rose by 0.88% last week, reaching ₺1.616 trillion. Installment commercial loans increased by 1.02%, totaling ₺1.543 trillion, while credit card balances grew by 2.10%, amounting to ₺1.942 trillion.
Within the consumer loan category, housing loans accounted for ₺404.719 billion, vehicle loans were ₺70.729 billion, and other loans totaled ₺1.141 trillion.
The total credit volume of the banking sector, including the CBRT, increased by ₺148.261 billion during the week, reaching ₺13.216 trillion. This represents a 42.09% increase compared to the same period last year.
Source: Trthaber / Prepared by Irem Yildiz