Business

Turkiye: The loan volume of banks reached ₺8.3 trillion

The credit volume of the banking sector increased by ₺111 billion 167 million last week and reached ₺8 trillion 357 billion 857 million.

According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BDDK), the loan volume of the sector increased by ₺111 billion 167 million as of March 24. In the said period, the total loan volume increased from ₺8 trillion 246 billion 690 million to ₺8 trillion 357 billion 857 million.

Total deposits (including interbank) in the banking sector increased by ₺130 billion 814 million last week. The total deposits of the banking sector, which increased by 1.33% in the week in question, became ₺9 trillion 944 billion 977 million.

Consumer loans became ₺1 trillion 253 billion 916 million

According to the data, the amount of consumer loans increased by ₺19 billion 362 million as of March 24 to ₺1 trillion 253 billion 916 million. ₺385 billion 844 million of the said loans consisted of housing loans, ₺62 billion 28 million for vehicles and ₺806 billion 44 million for consumer loans.

In the said period, the amount of installment commercial loans increased by ₺14 billion 263 million and reached ₺1 trillion 21 billion 84 million. Banks’ personal credit card receivables increased by 4.9% to ₺551 billion 714 million. ₺278 billion 571 million of personal credit card receivables were in installments and ₺273 billion 144 million were without installments.

Legal equity increased

According to the BRSA weekly data, non-performing loans in the banking sector decreased by ₺83 million compared to the previous week and decreased to ₺159 billion 307 million as of March 24. A special provision has been set aside for TL ₺139 billion 107 million of the aforementioned non-performing loans.

In the same period, legal equities of the banking system increased by ₺46 billion 669 million and reached ₺1 trillion 809 billion 46 million.

Source: Trthaber / Prepared by Irem Yildiz

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