Deposits of the banking sector increased to ₺13 trillion 414.1 billion

The total deposits of the banking sector increased by ₺20.4 billion in the week ending August 25 to reach ₺13 trillion 414.1 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 between banks) increased by ₺20 billion 378 million 558 thousand in the week ending August 25 to ₺13 trillion 414 billion 106 million 155 thousand.

In the same period, TL deposits in banks decreased by 1.3% to ₺7 trillion 369 billion 917 million 18 thousand, and foreign currency (FX) deposits increased by 2.4% to ₺5 trillion 459 billion 540 million 755 thousand.

While the total FX deposits in banks were $212 billion 615 million last week, $178.6 billion of this amount was collected in the accounts of residents.

Looking at the change in total FX deposits of domestic residents, an increase of $4 billion 782 million was observed as of August 25, adjusted for the parity effect.

The amount of commercial loans in installments decreased

Consumer loans in deposit banks increased by 1.1% last week to ₺1 trillion 352 billion 725 million 282 thousand. In the same period, commercial loans with installments decreased by 0.1% to ₺1 trillion 103 billion 255 million 659 thousand, while the balance of credit cards increased by 2.3% to ₺1 trillion 205 billion 898 million 37 thousand.

₺404 billion 525 million 476 thousand of consumer loans in deposit banks consisted of housing, ₺67 billion 254 million 358 thousand for vehicles and ₺880 billion 945 million 448 thousand of other loans.

The total loan volume of the banking sector, including the CBRT, decreased by ₺5 billion 694 million 77 thousand in the week ending August 28, to ₺9 trillion 923 billion 805 million 535 thousand. Total loan volume increased by 55.7 percent compared to the same period of the previous year.

Source: Trthaber / Prepared by Irem Yildiz

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