Deposits of the banking sector decreased by ₺15.2 billion

Total deposits of the banking sector decreased by ₺15.2 billion in the week ending November 3, falling to ₺14 trillion 259.1 billion.

Weekly money and bank statistics were published by the Central Bank of the Republic of Turkiye (CBRT).

Accordingly, total deposits in the banking sector (including interbank) decreased by ₺15 billion 222 million 747 thousand in the week ending November 3, decreasing to ₺14 trillion 259 billion 149 million 732 thousand.

In the same period, TL deposits in banks decreased by 1.5% to ₺8 trillion 19 billion 237 million 697 thousand, and foreign currency (FX) deposits increased by 1.1% to ₺5 trillion 612 billion 79 million 898 thousand.

While total FX deposits in banks amounted to $209 billion 44 million last week, $176 billion of this amount was collected in the accounts of domestic residents.

Considering the parity-adjusted data, there was a decrease of $186 million in the total FX deposits of domestic residents as of November 3.

Installment commercial loan amount increased

Consumer loans in deposit banks increased by 0.1% last week and reached ₺1 trillion 374 billion 638 million 7 thousand. In the same period, commercial installment loans increased by 1.2% to ₺1 trillion 178 billion 986 million 683 thousand, and credit card balances increased by 1.6% to ₺1 trillion 342 billion 980 million 324 thousand.

Of the consumer loans in deposit banks, ₺399 billion 670 million 244 thousand were housing loans, ₺67 billion 864 million 957 thousand were vehicle loans and ₺907 billion 102 million 806 thousand were other loans.

The total credit volume of the banking sector, including the CBRT, increased by ₺76 billion 873 million 538 thousand in the week ending November 3, reaching ₺10 trillion 556 billion 223 million 849 thousand. Total loan volume increased by 55.9% compared to the same period last year.

Source: Trthaber / Prepared by Irem Yildiz

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