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Turkiye: Deposits of the banking sector increased by ₺15 billion

The total deposits of the banking sector increased by approximately ₺15 billion in the week ending March 31 to ₺10 trillion 227.7 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 ₺14 billion 972 million 883 thousand in the week ending March 31 and rose to ₺10 trillion 227 billion 711 million 929 thousand.

In the same period, TL deposits in banks increased by 0.9% to ₺5 trillion 849 billion 378 million 549 thousand, and foreign currency (FX) deposits decreased by 0.8% to ₺3 trillion 984 billion 161 million 406 thousand.

While the total FX deposits in banks were $218 billion 754 million last week, $183.7 billion of this amount was collected in the accounts of residents.

Looking at the change in total FX deposits of domestic residents, there was a decrease of $3 billion 133 million as of March 31, adjusted for the parity effect.

The amount of installment commercial loans increased

Consumer loans in deposit banks increased by 1.4% last week to ₺1 trillion 208 billion 428 million 512 thousand. In the same period, commercial loans with installments increased by 2.6% to ₺945 billion 182 million 593 thousand, and the balance of credit cards increased by 4.2% to ₺827 billion 483 million 962 thousand.

Of the consumer loans in deposit banks, ₺357 billion 451 million 753 thousand consisted of housing, ₺51 billion 241 million 618 thousand vehicle and ₺799 billion 735 million 141 thousand other loans.

The total loan volume of the banking sector, including the CBRT, increased by ₺143 billion 895 million 437 thousand in the week ending March 31 and reached ₺8 trillion 210 billion 991 million 544 thousand. Total loan volume increased by 54.8% compared to the same period of the previous year.

Source: AA / Prepared by Irem Yildiz

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