Business

Turkiye: The banking sector loan volume increased to ₺7 trillion 415.5 billion

The credit volume of the banking sector increased by ₺71 billion 923 million last week and reached ₺7 trillion 415 billion 545 million.

According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BDDK), the loan volume of the sector increased by ₺71 billion 923 million as of December 16. In the said period, the total loan volume increased from ₺7 trillion 343 billion 622 million to ₺7 trillion 415 billion 545 million.

Total deposits in the banking sector (including interbank) increased by ₺99 billion 637 million last week. The total deposits of the banking sector, which rose 1.2% in the week in question, became ₺8 trillion 732 billion 517 million.

The amount of consumer loans increased to ₺1 trillion 50 billion 36 million.

According to the data, the amount of consumer loans increased by ₺8 billion 642 million as of December 16 to ₺1 trillion 50 billion 36 million. ₺357 billion 571 million of the said loans consisted of housing loans, ₺44 billion 511 million for vehicles and ₺647 billion 953 million for consumer loans.

In the said period, the amount of commercial loans with installments increased by ₺18 billion 749 million and reached ₺958 billion 844 million. Banks’ personal credit card receivables increased by 0.3% to ₺406 billion 160 million. ₺200 billion 506 million of individual credit card receivables were in installments, and ₺205 billion 654 million were without installments.

Legal equity increased

According to the BRSA weekly data, non-performing loans in the banking sector decreased by ₺519 million compared to the previous week and decreased to ₺160 billion 926 million as of December 16. A special provision has been set aside for ₺137 billion 558 million of the aforementioned non-performing loans.

In the same period, legal equity of the banking system increased by ₺1 billion 832 million and reached ₺1 trillion 589 billion 977 million.

Source: Trthaber / Translated by Irem Yildiz

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button