Banking Sector’s Credit Volume Reaches ₺13.1339 Trillion, Up by ₺36.243 Billion Last Week

The credit volume of the banking sector increased by ₺36 billion 243 million last week, reaching ₺13 trillion 133 billion 899 million.

According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BRSA), the sector’s credit volume increased by ₺36 billion 243 million as of May 3.

During the said period, total credit volume increased from ₺13 trillion 97 billion 656 million to ₺13 trillion 133 billion 899 million.

Total deposits in the banking sector, including interbanks, decreased by ₺213 billion 645 million last week, falling to ₺15 trillion 609 billion 221 million.

The amount of consumer loans reached ₺1 trillion 647.2 billion

The amount of consumer loans increased by ₺7 billion 977 million to ₺1 trillion 647 billion 172 million as of May 3. Of the amount in question, ₺444 billion 739 million consisted of housing loans, ₺90 billion 600 million from vehicle loans and ₺1 trillion 111 billion 832 million from consumer loans.

During this period, the amount of installment commercial loans increased by ₺2 billion 391 million and reached ₺1 trillion 620 billion 779 million.

Banks’ individual credit card receivables increased by 1.3%, reaching ₺1 trillion 412 billion 832 million. Of the individual credit card receivables, ₺558 billion 67 million were installment debts and ₺854 billion 764 million were non-installment debts.

Legal equities increased

As of May 3, non-performing receivables in the banking sector increased by ₺1 billion 447 million compared to the previous week, reaching ₺204 billion 874 million. A special provision was allocated for ₺164 billion 7 million of non-performing receivables.

In the same period, the legal equity capital of the banking system increased by ₺28 billion 930 million and reached ₺2 trillion 864 billion 14 million.

Source: AA / Prepared by Irem Yildiz

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