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Turkiye: Deposits of the banking sector increased by ₺127.1 billion

The total deposits of the banking sector increased by ₺127.1 billion in the week ending August 18 to ₺13 trillion 394 billion.

Weekly money and bank statistics were published by the Central Bank of the Republic of Turkiye (CBRT).

Accordingly, total deposits in the banking sector (including between banks) increased by ₺127 billion 122 million 586 thousand in the week ending August 18 to ₺13 trillion 393 billion 727 million 597 thousand.

In the same period, TL deposits in banks increased by 1.2% to ₺7 trillion 467 billion 586 million 629 thousand, and foreign currency (FX) deposits increased by 1% to ₺5 trillion 329 billion 134 million 288 thousand.

While the total FX deposits in banks were $208 billion 258 million last week, $157.5 billion of this amount was collected in the accounts of residents.

Looking at the change in total FX deposits of domestic residents, an increase of $1 billion 749 million was observed as of August 18, in parity adjusted terms.

The amount of installment commercial loans increased

Consumer loans in deposit banks decreased by 0.2% last week to ₺1 trillion 338 billion 259 million 133 thousand. In the same period, commercial loans with installments decreased by 0.4% to ₺1 trillion 103 billion 892 million 969 thousand, and the balance of credit cards decreased by 0.4% to ₺1 trillion 178 billion 889 million 833 thousand.

Consumer loans in deposit banks consisted of ₺403 billion 318 million 146 thousand for housing, ₺66 billion 967 million 34 thousand for vehicles and ₺867 billion 973 million 953 thousand for other loans.

The total loan volume of the banking sector, including the CBRT, increased by ₺1 billion 196 million 434 thousand in the week ending August 18 and reached ₺9 trillion 929 billion 499 million 612 thousand. Total loan volume increased by 56.5% compared to the same period of the previous year.

Source: Trthaber / Prepared by Irem Yildiz

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