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Turkiye: Banking Sector’s Credit Volume Surges to ₺12.9 Trillion Last Week

The credit volume of the banking sector increased by ₺1 billion 779 million last week, reaching ₺12 trillion 899 billion 25 million.

According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BRSA), the credit volume of the sector increased by ₺1 billion 779 million as of April 19.

During the said period, total credit volume increased from ₺12 trillion 897 billion 246 million to ₺12 trillion 899 billion 25 million.

Total deposits in the banking sector, including interbanks, increased by ₺170 billion 399 million last week, reaching ₺15 trillion 764 billion 961 million.

The amount of consumer loans reached ₺1 trillion 622.6 billion

According to the data, the amount of consumer loans increased by ₺5 billion 517 million to ₺1 trillion 622 billion 581 million as of April 19. ₺444 billion 280 million of the loans in question consisted of housing loans, ₺90 billion 220 million of vehicle loans and ₺1 trillion 88 billion 80 million of consumer loans.

During this period, the amount of installment commercial loans increased by ₺2 billion 934 million and reached ₺1 trillion 600 billion 530 million.

Banks’ individual credit card receivables decreased by 2.6% to ₺1 trillion 370 billion 228 million. Of the individual credit card receivables, ₺578 billion 761 million were installment debts and ₺791 billion 467 million were non-installment debts.

Legal equities increased

As of April 19, non-performing loans in the banking sector increased by ₺2 billion 300 million compared to the previous week, reaching ₺202 billion 200 million. Special provisions were allocated for ₺163 billion 454 million of non-performing receivables.

In the same period, the legal equity capital of the banking system increased by ₺49 billion 272 million and reached ₺2 trillion 780 billion 224 million.

Source: AA / Prepared by Irem Yildiz

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