The deposits of the banking sector increased

The total deposits of the banking sector (including interbank) reached 16 trillion 227 billion 590 million 316 thousand liras in the week ending April 19, with an increase of 182 billion 735 million 496 thousand liras compared to the previous week, according to the weekly money and banking statistics released by the Central Bank of the Republic of Turkey (CBRT).

During the same period, TL-denominated deposits in banks increased by 0.67 percent to 8 trillion 898 billion 631 million 63 thousand liras, while foreign currency (FC) deposits increased by 1.42 percent to 6 trillion 596 billion 22 million 634 thousand liras.

The total FC deposits in banks amounted to 213 billion 960 million dollars last week, of which 181 billion 782 million dollars were held in accounts of residents in Turkey.

Considering the data adjusted for parity effects, there was an increase of 1 billion 56 million dollars in the total FC deposits of residents in Turkey as of April 19.

The amount of installment commercial loans increased.

Consumer loans in deposit banks increased by 0.44 percent last week to 1 trillion 533 billion 987 million 927 thousand liras. During the same period, installment commercial loans increased by 0.24 percent to 1 trillion 464 billion 469 million 622 thousand liras, while the balance of credit cards decreased by 2.41 percent to 1 trillion 809 billion 132 million 186 thousand liras.

Of the consumer loans in deposit banks, 400 billion 787 million 187 thousand liras were for housing, 67 billion 732 million 234 thousand liras were for vehicle, and 1 trillion 65 billion 468 million 506 thousand liras were for other loans.

The total credit volume of the banking sector, including CBRT, decreased by 5 billion 549 million 64 thousand liras to 12 trillion 443 billion 380 million 781 thousand liras in the week ending April 19. Total credit volume recorded a 47.03 percent increase compared to the same period last year.

source: prepared by Melisa Beğiç

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