Turkiye: Deposits of the banking sector reached ₺13 trillion 363.6 billion

Total deposits of the banking sector decreased by ₺50.5 billion in the week ending September 1, falling to ₺13 trillion 363.6 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 interbank) decreased by ₺50 billion 546 million 788 thousand in the week ending September 1, decreasing to ₺13 trillion 363 billion 559 million 367 thousand.

In the same period, TL deposits in banks increased by 0.1% to 7 trillion ₺376 billion 850 million 976 thousand, and foreign currency (FX) deposits decreased by 1.7% to ₺5 trillion 366 billion 561 million 341 thousand.

While total FX deposits in banks amounted to $212 billion 525 million last week, $178.4 billion of this amount was collected in the accounts of domestic residents.

Looking at the change in total FX deposits of domestic residents, a decrease of $760 million was seen as of September 1, with data adjusted for parity effect.

Installment commercial loan amount increased

Consumer loans in deposit banks increased by 0.3% last week and reached ₺1 trillion 356 billion 498 million 751 thousand. In the same period, commercial installment loans increased by 0.2% to ₺1 trillion 105 billion 129 million 126 thousand, and credit card balances increased by 3.3% to ₺1 trillion 245 billion 963 million 320 thousand.

Of the consumer loans in deposit banks, ₺404 billion 625 million 629 thousand consisted of housing, ₺67 billion 538 million 472 thousand from vehicle loans and ₺884 billion 334 million 650 thousand from other loans.

The total credit volume of the banking sector, including the CBRT, increased by ₺79 billion 619 million 870 thousand in the week ending September 1, reaching ₺10 trillion 3 billion 425 million 405 thousand. Total loan volume increased by 56.5% compared to the same period last year.

Source: Trthaber / Prepared by Irem Yildiz

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