Turkish Banking Sector Credit Volume Reaches ₺13.2 Trillion as Deposits and Legal Equities Surge

The credit volume of the banking sector increased by ₺38 billion 51 million last week, reaching ₺13 trillion 202 billion 19 million.

According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BRSA), the credit volume of the sector grew from ₺13 trillion 163 billion 968 million to ₺13 trillion 202 billion 19 million as of May 17.

Total deposits in the banking sector, including interbank deposits, rose by ₺384 billion 256 million last week, reaching ₺15 trillion 998 billion 28 million.

Consumer Loans and Installment Commercial Loans

Consumer loans decreased by ₺5 billion 357 million to ₺1 trillion 648 billion 338 million as of May 17. Of this amount, ₺445 billion 515 million were housing loans, ₺89 billion 799 million were vehicle loans, and ₺1 trillion 113 billion 22 million were other consumer loans.

During this period, the amount of installment commercial loans increased by ₺11 billion 108 million, reaching ₺1 trillion 629 billion 802 million.

Credit Card Receivables and Non-Performing Loans

Banks’ individual credit card receivables decreased by 1.8% to ₺1 trillion 384 billion 884 million. Of these receivables, ₺546 billion 609 million were installment debts, and ₺838 billion 275 million were non-installment debts.

Non-performing loans in the banking sector increased by ₺1 billion 414 million compared to the previous week, totaling ₺208 billion 336 million. Special provisions were made for ₺165 billion 759 million of these non-performing receivables.

Increase in Legal Equities

As of May 17, the legal equity capital of the banking system increased by ₺29 billion 415 million, reaching ₺2 trillion 895 billion 204 million.

Source: AA / Prepared by Irem Yildiz

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