Business

Turkish banking sector’s loan volume exceeded ₺8 trillion

The credit volume of the banking sector increased by ₺93 billion 451 million last week and reached ₺8 trillion 1 billion 643 million.

According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BDDK), the loan volume of the sector increased by ₺93 billion 451 million as of February 24. In the said period, the total loan volume increased from ₺7 trillion 908 billion 192 million to ₺8 trillion 1 billion 643 million.

Total deposits (including interbank) in the banking sector increased by ₺57 billion 334 million last week. The total deposits of the banking sector, which increased by 0.6% in the week in question, became ₺9 trillion 436 billion 198 million.

Consumer loans increased to ₺1 trillion 185 billion

According to the data, the amount of consumer loans increased by ₺44 billion 644 million as of February 24 to ₺1 trillion 185 billion 434 million. ₺367 billion 685 million of the said loans consisted of housing loans, ₺56 billion 415 million vehicle loans and ₺761 billion 334 million consumer loans.

In the said period, the amount of installment commercial loans increased by ₺4 billion 489 million and reached ₺984 billion 842 million. Individual credit card receivables of banks increased by 3.1% to ₺503 billion 226 million. ₺258 billion 314 million of personal credit card receivables were in installments and ₺244 billion 912 million were without installments.

Legal equity increased

According to the BRSA weekly data, non-performing loans in the banking sector decreased by ₺637 million compared to the previous week and decreased to ₺160 billion 465 million as of February 24. A special provision has been set aside for ₺140 billion 434 million of the aforementioned non-performing loans.

In the same period, legal equities of the banking system increased by ₺15 billion 820 million and reached ₺1 trillion 756 billion 155 million.

Source: Trthaber / Prepared by Irem Yildiz

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