Banking Sector Loan Volume Increases by ₺87.6 Billion
According to the Banking Regulation and Supervision Agency’s (BDDK) weekly bulletin, the loan volume of the banking sector increased by ₺87.6 billion in the week of September 20, reaching a total of ₺14.8 trillion. This marks a significant uptick, showcasing the continued growth in the financial industry.
Key Highlights:
- The loan volume increased from ₺14.6 trillion to ₺14.8 trillion within the week.
- Deposit levels surged by ₺116.7 billion, bringing total deposits to ₺17.7 trillion, including interbank deposits.
Consumer Loans Experience a Decline
Despite the growth in the overall loan volume, consumer loans took a slight dip:
- Total consumer loans: Decreased by ₺8.8 billion to ₺1.8 trillion.
- Housing loans: ₺462.7 billion
- Vehicle loans: ₺79.1 billion
- Personal loans: ₺1.26 trillion
Commercial Loans on the Rise
In contrast, installment-based commercial loans saw a considerable increase:
- Installment commercial loans: Grew by ₺39.3 billion, reaching ₺1.9 trillion.
Credit Card Debt Declines
- Personal credit card debt: Dropped by 2.6%, amounting to ₺1.58 trillion.
- Installment debt: ₺561.8 billion
- Non-installment debt: ₺1.02 trillion
Non-Performing Loans and Capital Levels
The banking sector’s non-performing loans (NPLs) also increased:
- NPLs: Increased by ₺1.26 billion to ₺260.5 billion.
- Of this, ₺194.3 billion was provisioned for losses.
Additionally, legal capital in the sector rose by ₺27.5 billion, reaching ₺3.17 trillion, reflecting the strength and stability of the banking system.
Source: Trthaber / Prepared by Irem Yildiz