Business

Turkiye: Banks’ loan volume exceeded ₺11 trillion

The loan volume of the banking sector increased by ₺37 billion 4 million last week, reaching ₺11 trillion 32 billion 458 million.

According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BRSA), the credit volume of the sector increased by ₺37 billion 4 million as of November 10.

During the said period, total credit volume increased from ₺10 trillion 995 billion 454 million to ₺11 trillion 32 billion 458 million.

Total deposits in the banking sector, including interbanks, increased by ₺120 billion 471 million last week. Total deposits of the banking sector, which increased by 0.9% in the week in question, reached ₺13 trillion 960 billion 204 million.

The amount of consumer loans increased to ₺1 trillion 462.6 billion

According to the bulletin, the amount of consumer loans increased by ₺3 billion 496 million to ₺1 trillion 462 billion 617 million as of November 10. ₺442 billion 504 million of the loans in question consisted of housing loans, ₺89 billion 296 million of vehicle loans and ₺930 billion 818 million of consumer loans.

During this period, the amount of installment commercial loans increased by ₺6 billion 316 million and reached ₺1 trillion 295 billion 543 million. Banks’ individual credit card receivables increased by 1.1% to ₺1 trillion 15 billion 687 million. Of the individual credit card receivables, ₺440 billion 107 million consisted of installment debts and ₺575 billion 580 million consisted of non-installment debts.

Legal equities decreased

As of November 10, non-performing receivables in the banking sector increased by ₺1 billion 407 million compared to the previous week, reaching ₺173 billion 522 million. Special provisions were allocated for ₺145 billion 688 million of non-performing receivables.

In the same period, the legal equity capital of the banking system decreased by ₺586 million and reached ₺2 trillion 351 billion 339 million.

Source: Trthaber / Prepared by Irem Yildiz

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