Deposits in the Turkish banking sector decreased

The Central Bank of the Republic of Turkey (CBRT) has announced its weekly monetary and banking statistics.

Accordingly, the total deposits of the banking sector (including interbank) decreased by 171 billion 984 million 126 thousand lira to 16 trillion 149 billion 218 million 258 thousand lira for the week ending on May 3.

During the same period, deposits in Turkish Lira (TL) in banks decreased by 0.87% to 9 trillion 3 billion 578 million 380 thousand lira, while deposits in foreign currency (FC) decreased by 2.13% to 6 trillion 369 billion 217 million 795 thousand lira.

The total FC deposits in banks amounted to 207 billion 812 million dollars last week, of which 175 billion 815 million dollars were held in accounts of residents in Turkey.

When considering data adjusted for parity effects, a decrease of 2 billion 986 million dollars was observed in the total FC deposits of residents in Turkey as of May 3.

Installment commercial loans increased Consumer loans in deposit banks increased by 0.53% last week to 1 trillion 559 billion 269 million 73 thousand lira. During the same period, installment commercial loans increased by 0.16% to 1 trillion 477 billion 630 million 30 thousand lira, and credit card balances increased by 1.55% to 1 trillion 857 billion 864 million 846 thousand lira.

Of the consumer loans in deposit banks, 401 billion 372 million 844 thousand lira were for housing, 68 billion 517 million 858 thousand lira were for vehicles, and 1 trillion 89 billion 378 million 371 thousand lira were for other loans.

The total credit volume of the banking sector, including CBRT, increased by 38 billion 184 million 463 thousand lira to 12 trillion 681 billion 194 million 719 thousand lira for the week ending on May 3. The total credit volume recorded a 46.56% increase compared to the same period last year.

source: prepared by Melisa Beğiç

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