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Turkiye: The banking sector loan volume was ₺7 trillion 573.4 billion last week

The credit volume of the banking sector increased by ₺5 billion 77 million last week and reached ₺7 trillion 573 billion 417 million.

According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BRSA), the loan volume of the sector increased by ₺5 billion 77 million as of January 6. In the said period, the total loan volume increased from ₺7 trillion 568 billion 340 million to ₺7 trillion 573 billion 417 million.

Total deposits (including interbank) in the banking sector decreased by ₺6 billion 723 million last week. The total deposits of the banking sector, which decreased by 0.1% in the week in question, became ₺8 trillion 858 billion 988 million.

The amount of consumer loans increased to ₺1 trillion 93 billion 761 million

According to the data, the amount of consumer loans increased by ₺10 billion 325 million as of January 6 to ₺1 trillion 93 billion 761 million. ₺360 billion 824 million of the said loans consisted of housing loans, ₺50 billion 464 million vehicle loans and ₺682 billion 473 million consumer loans.

In the said period, the amount of commercial installment loans increased by ₺1 billion 780 million and reached ₺976 billion 504 million. Banks’ personal credit card receivables increased by 1% to ₺451 billion 138 million. ₺224 billion 517 million of individual credit card receivables were in installments, and ₺226 billion 621 million were without installments.

Legal equity increased

According to the BRSA weekly data, NPLs in the banking sector decreased by ₺2 billion 272 million compared to the previous week and decreased to ₺160 billion 271 million as of January 6th. A special provision has been set aside for ₺139 billion 594 million of the aforementioned non-performing loans.

In the same period, legal equities of the banking system increased by ₺290 million and reached ₺1 trillion 655 billion 306 million.

Source: AA / Translated by Irem Yildiz

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