BRSA: Banking Sector’s Credit Volume Hits ₺12.593 Trillion Last Week

The credit volume of the banking sector increased by ₺229 billion 196 million last week, reaching ₺12 trillion 592 billion 620 million.

According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BRSA), the sector’s credit volume increased by ₺229 billion 196 million as of March 8.

During the said period, total credit volume increased from ₺12 trillion 363 billion 424 million to ₺12 trillion 592 billion 620 million.

Total deposits in the banking sector, including interbanks, increased by ₺244 billion 643 million last week, reaching ₺15 trillion 324 billion 39 million.

The amount of consumer loans reached ₺1 trillion 596 billion

The amount of consumer loans increased by ₺17 billion 848 million to ₺1 trillion 595 billion 932 million as of March 8. ₺440 billion 324 million of the loans in question consisted of housing loans, ₺93 billion 264 million of vehicle loans and ₺1 trillion 62 billion 344 million of consumer loans.

During this period, the amount of installment commercial loans increased by ₺35 billion 964 million and reached ₺1 trillion 559 billion 23 million.

Banks’ individual credit card receivables also increased by 0.6%, reaching ₺1 trillion 319 billion 672 million. Of the individual credit card receivables, ₺580 billion 402 million were installment debts and ₺739 billion 270 million were non-installment debts.

Legal equities increased

As of March 8, non-performing receivables in the banking sector decreased by ₺300 million compared to the previous week, falling to ₺195 billion 280 million. Special provisions were allocated for ₺160 billion 222 million of non-performing receivables.

In the same period, the legal equity capital of the banking system increased by ₺292 million and reached ₺2 trillion 682 billion 337 million.

Source: AA / Prepared by Irem Yildiz

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