Turkiye: The loan volume of banks reached ₺8.2 trillion

The credit volume of the banking sector increased by ₺73 billion 823 million last week and reached ₺8 trillion 246 billion 690 million.

According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BDDK), the loan volume of the sector increased by ₺73 billion 823 million as of March 17. In the said period, the total loan volume increased from ₺8 trillion 172 billion 867 million to ₺8 trillion 246 billion 690 million.

Total deposits in the banking sector (including interbank) increased by ₺159 billion 996 million last week. The total deposits of the banking sector, which increased by 1.66% in the week in question, became ₺9 trillion 814 billion 163 million.

Consumer loans became ₺1 trillion 234 billion 553 million

According to the data, the amount of consumer loans increased by ₺8 billion 387 million as of March 17 to ₺1 trillion 234 billion 553 million. ₺379 billion 419 million of the said loans consisted of housing loans, ₺60 billion 75 million for vehicles and ₺795 billion 59 million for consumer loans.

In the said period, the amount of commercial loans with installments increased by ₺8 billion 104 million and reached ₺1 trillion 6 billion 821 million. Banks’ personal credit card receivables increased by 1.2% to ₺526 billion 131 million. ₺272 billion 769 million of personal credit card receivables were paid in installments and ₺253 billion 362 million were without installments.

Legal equity increased

According to the BRSA weekly data, NPLs in the banking sector increased by ₺239 million compared to the previous week and reached ₺159 billion 390 million as of March 17. A special provision has been set aside for ₺138 billion 984 million of the aforementioned non-performing receivables.

In the same period, legal equities of the banking system increased by ₺233 million and reached ₺1 trillion 762 billion 377 million.

Source: Trthaber / Prepared by Irem Yildiz

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