Turkish Banking Sector Deposits Surge to ₺16 Trillion 15 Billion, Up by ₺79.3 Billion

Total deposits of the banking sector increased by ₺79.3 billion in the week ending March 22 compared to the previous week, reaching approximately ₺16 trillion 15 billion.

The Central Bank of the Republic of Turkiye (CBRT) announced weekly money and bank statistics.

Accordingly, the total deposits of the banking sector (including interbank) increased by ₺79 billion 320 million 228 thousand in the week ending March 22, reaching ₺16 trillion 14 billion 952 million 94 thousand.

In the same period, TL deposits in banks decreased by 1.10% to ₺8 trillion 617 billion 64 million 484 thousand, and foreign currency (FX) deposits increased by 2.35% to ₺6 trillion 709 billion 253 million 742 thousand.

While the total FX deposits in banks were calculated as $218 billion 457 million last week, $185 billion 833 million of this amount was collected in the accounts of domestic residents.

Considering the data adjusted for parity effect, there was an increase of $3 billion 608 million in the total FX deposits of domestic residents as of March 22.

Installment commercial loan amount increased

Consumer loans in deposit banks increased by 1.15% last week and reached ₺1 trillion 522 billion 179 million 816 thousand. In the same period, commercial installment loans increased by 0.08% to ₺1 trillion 438 billion 4 million 168 thousand, while credit card balances increased by 1.17% to ₺1 trillion 754 billion 731 million 217 thousand.

Of the consumer loans in deposit banks, ₺399 billion 271 million 701 thousand were housing loans, ₺69 billion 444 million 184 thousand were vehicle loans and ₺1 trillion 53 billion 463 million 931 thousand were other loans.

The total credit volume of the banking sector, including the CBRT, increased by ₺48 billion 57 million 631 thousand in the week ending March 22, reaching ₺12 trillion 262 billion 11 million 140 thousand. Total loan volume increased by 52% compared to the same period last year.

Source: AA / Prepared by Irem Yildiz

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