Business

Turkiye: The loan volume of banks reached ₺7.2 trillion

The credit volume of the banking sector increased by ₺55 billion 397 million last week and reached ₺7 trillion 222 billion 225 million.

According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BDDK), the loan volume of the sector increased by ₺55 billion 397 million as of November 25. In the said period, the total loan volume increased from ₺7 trillion 166 billion 828 million to ₺7 trillion 222 billion 225 million.

Total deposits (including interbank) in the banking sector decreased by ₺106 billion 589 last week. The total deposits of the banking sector, which decreased by 1.2% in the week in question, became ₺8 trillion 554 billion 631 million.

The amount of consumer loans increased to ₺1 trillion 19 billion 692 million.

According to the data, the amount of consumer loans increased by ₺12 billion 517 million as of 25 November to reach ₺1 trillion 19 billion 692 million. ₺355 billion 848 million of the said loans consisted of housing loans, ₺39 billion 67 million vehicle loans and ₺624 billion 777 million consumer loans.

In the said period, the amount of commercial loans with installments increased by ₺6 billion 211 million and reached ₺918 billion 368 million. Banks’ personal credit card receivables increased by 3.9% to ₺391 billion 565 million. ₺184 billion 991 million of individual credit card receivables were in installments, and ₺206 billion 574 million were without installments.

Legal equity increased

According to the BRSA weekly data, non-performing loans in the banking sector decreased by ₺77 million compared to the previous week and decreased to ₺161 billion 162 million as of November 25. A special provision has been set aside for ₺136 billion 59 million of the non-performing loans.

In the same period, legal equity of the banking system increased by ₺64 billion 390 million and reached ₺1 trillion 587 billion 912 million.

Source: Trthaber / Translated by Irem Yildiz

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