Total deposits of the banking sector increased by ₺240.1 billion compared to the previous week, reaching ₺15 trillion 735.6 billion in the week ending March 8.
The Central Bank of the Republic of Turkiye (CBRT) announced weekly money and bank statistics.
Accordingly, the total deposits of the banking sector (including interbank) increased by ₺240 billion 108 million 258 thousand in the week ending March 8, reaching ₺15 trillion 735 billion 584 million 388 thousand.
In the same period, TL deposits in banks decreased by 1.01% to ₺8 trillion 630 billion 549 million 274 thousand, and foreign currency (FX) deposits increased by 5.00% to ₺6 trillion 429 billion 686 million 539 thousand.
While total FX deposits in banks amounted to $213 billion 242 million last week, $181 billion 152 million of this amount was collected in the accounts of domestic residents.
Considering the data adjusted for parity effect, there was an increase of $3 billion 190 million in the total FX deposits of domestic residents as of March 8.
Installment commercial loan amount increased
Consumer loans in deposit banks increased by 1.14% last week and reached ₺1 trillion 507 billion 28 million 203 thousand. In the same period, commercial installment loans increased by 2.30% to ₺1 trillion 423 billion 332 million 68 thousand, and credit card balances increased by 0.59% to ₺1 trillion 741 billion 304 million 284 thousand.
Of the consumer loans in deposit banks, ₺397 billion 569 million 274 thousand were housing loans, ₺70 billion 41 million 65 thousand were vehicle loans and ₺1 trillion 39 billion 417 million 864 thousand were other loans.
The total credit volume of the banking sector, including the CBRT, increased by ₺219 billion 849 million 506 thousand in the week ending March 8, reaching ₺12 trillion 145 billion 415 million 501 thousand. Total loan volume increased by 54.22% compared to the same period last year.
Source: AA / Prepared by Irem Yildiz