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Turkiye: Total deposits of the banking sector increased by ₺24.8 billion

The total deposits of the banking sector increased by ₺24.8 billion in the week ending January 20 to ₺9 trillion 397.9 billion.

Weekly money and bank statistics were published by the Central Bank of the Republic of Turkiye (CBRT).

Accordingly, total deposits in the banking sector (including between banks) increased by ₺24 billion 819 million 475 thousand in the week ending January 20 and rose to ₺9 trillion 397 billion 893 million 412 thousand.

In the same period, TL deposits in banks increased by 0.8% to ₺4 trillion 860 billion 305 million 49 thousand, and foreign currency (FX) deposits decreased by 0.1% to ₺4 trillion 156 billion 813 million 964 thousand.

While the total FX deposits in banks were $232 billion 233 million last week, $197.9 billion of this amount was collected in the accounts of residents.

Looking at the change in total FX deposits of domestic residents, a decrease of $616 million was observed as of January 20, adjusted for parity effect.

The amount of installment commercial loans increased

Consumer loans in deposit banks decreased by 0.2% last week to ₺1 trillion 49 billion 474 million 400 thousand. In the same period, commercial loans with installments decreased by 0.7% to ₺879 billion 368 million 702 thousand, while the balance of credit cards increased by 0.1% to ₺669 billion 654 million 463 thousand.

Consumer loans in deposit banks consisted of ₺330 billion 169 million 547 thousand for housing, ₺40 billion 593 million 471 thousand for vehicles and ₺678 billion 711 million 382 thousand for other loans.

The total loan volume of the banking sector, including the CBRT, increased by ₺33 billion 601 million 498 thousand in the week ending January 20 and reached ₺7 trillion 419 billion 421 million 769 thousand. Total loan volume increased by 55.8% compared to the same period of the previous year.

Source: AA / Translated by Irem Yildiz

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