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Turkiye: Deposits of the banking sector increased by ₺145.9 billion

The total deposits of the banking sector increased by ₺145.9 billion in the week ending March 24 to ₺10 trillion 212.7 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 ₺145 billion 898 million 852 thousand in the week ending March 24 and rose to ₺10 trillion 212 billion 739 million 46 thousand.

In the same period, TL deposits in banks increased by 1.7% to ₺5 trillion 800 billion 38 million 579 thousand, and foreign currency (FX) deposits increased by 0.7% to ₺4 trillion 15 billion 105 million 912 thousand.

While the total FX deposits in banks were $221 billion 643 million last week, $186.5 billion of this amount was collected in the accounts of residents.

Looking at the change in total FX deposits of domestic residents, a decrease of ½1 billion 665 million was observed as of March 24, in parity adjusted data.

The amount of installment commercial loans increased

Consumer loans in deposit banks increased by 1.5% last week to ₺1 trillion 191 billion 373 million 583 thousand. In the same period, commercial loans with installments increased by 1.6% to ₺921 billion 198 million 222 thousand, and the balance of credit cards increased by 4.2% to ₺794 billion 83 million 147 thousand.

Of the consumer loans in deposit banks, ₺352 billion 203 million 129 thousand consisted of housing, ₺49 billion 41 million 739 thousand vehicle and ₺790 billion 128 million 715 thousand other loans.

The total loan volume of the banking sector, including the CBRT, increased by ₺118 billion 804 million 17 thousand in the week ending March 24 and reached ₺8 trillion 67 billion 96 million 107 thousand. Total loan volume increased by 53.1% compared to the same period of the previous year.

Source: Trthaber / Prepared by Irem Yildiz

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