Turkish Banking Sector’s Credit Volume Reaches ₺13.8 Trillion Last Week

According to the Banking Regulation and Supervision Agency’s (BRSA) weekly bulletin, the banking sector’s credit volume increased by ₺175.4 billion to reach ₺13.8 trillion by June 28. Total deposits in the banking sector, including interbank, decreased by ₺45.77 billion to ₺16.45 trillion.

Total deposits in the banking sector, including interbank transactions, decreased by ₺45.77 billion last week, settling at ₺16.447 trillion.

Consumer loans amounted to ₺1.7264 trillion as of June 28th, marking an increase of ₺23.137 billion. Of this total, ₺447.103 billion were for housing loans, ₺90.705 billion for vehicle loans, and ₺1.1884 trillion for personal loans.

During this period, installment commercial loans increased by ₺23.775 billion, reaching ₺1.7102 trillion.

Individual credit card receivables in banks also rose by 2.3%, reaching ₺1.4682 trillion. Of this amount, ₺515.805 billion were for installment payments, and ₺952.377 billion were for non-installment debts.

Legal reserves in the banking sector increased by ₺29.321 billion, totaling ₺2.976884 trillion as of June 28th.

Non-performing loans in the banking sector increased by ₺1.202 billion compared to the previous week, reaching ₺216.098 billion. Of the non-performing loans, ₺171.064 billion were covered by specific provisions.

Additionally, the Central Bank Money (CCM) balance decreased by 0.9%, amounting to ₺2.014 trillion with an ₺18.335 billion decline last week.

Source: AA / Prepared by Irem Yildiz

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