BusinessTurkiye

Turkish Banking Sector Credit Volume Reaches ₺13.8 Trillion

Weekly Increase of ₺35.3 Billion Amid Decline in Deposits

The credit volume in Turkiye’s banking sector surged by ₺35.3 billion in the week ending July 5th, reaching a total of ₺13.84 trillion, according to the latest weekly bulletin from the Banking Regulation and Supervision Agency (BDDK). This marks an increase from the previous week’s ₺13.80 trillion.

However, the sector’s total deposits, including those between banks, decreased by ₺248.4 billion, bringing the total down to ₺16.20 trillion.

Consumer Loans and Credit Card Debt

Consumer loans also saw a rise, increasing by ₺1.19 billion to ₺1.73 trillion as of July 5th. This total includes ₺447.4 billion in housing loans, ₺89.95 billion in vehicle loans, and ₺1.19 trillion in personal loans.

Commercial installment loans grew by ₺3 billion, reaching ₺1.71 trillion. Conversely, individual credit card debt slightly declined by 0.1%, settling at ₺1.47 trillion, with ₺513.4 billion being installment debt and ₺953.5 billion non-installment debt.

Increase in Non-Performing Loans and Legal Capital

Non-performing loans in the banking sector increased by ₺2.44 billion to ₺218.5 billion as of July 5th, with ₺171.5 billion of this amount being specifically provisioned.

During the same period, the banking system’s legal capital rose by ₺5.57 billion, reaching ₺2.98 trillion.

KKM Balance Decreases

Additionally, the KKM balance saw a decrease of 1.1% or ₺22.91 billion, dropping to ₺1.99 trillion.

Source: AA / Prepared by Irem Yildiz

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