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Turkiye: Deposits of the banking sector decreased by ₺37.3 billion

The total deposits of the banking sector decreased by ₺37.3 billion in the week ending May 12 to ₺10 trillion 696.3 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) decreased by ₺37 billion 283 million 190 thousand in the week ending May 12 to ₺10 trillion 696 billion 294 million 420 thousand.

In the same period, TL deposits in banks increased by 0.3% to ₺6 trillion 179 billion 776 million 14 thousand, and foreign currency (FX) deposits decreased by 1.5% to ₺4 trillion 89 billion 431 million 766 thousand.

While the total FX deposits in banks amounted to $220 billion 615 million last week, $185.6 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 $2 billion 189 million was observed as of May 12, in parity adjusted data.

The amount of installment commercial loans increased

Consumer loans in deposit banks increased by 1.8% last week to ₺1 trillion 281 billion 968 million 545 thousand. In the same period, commercial loans with installments increased by 0.6% to ₺1 trillion 9 billion 776 million 14 thousand, and the balance of credit cards increased by 3.7% to ₺956 billion 819 million 260 thousand.

Of the consumer loans in deposit banks, ₺385 billion 411 million 999 thousand consisted of housing, ₺61 billion 841 million 704 thousand for vehicles and ₺834 billion 714 million 842 thousand of other loans.

The total loan volume of the banking sector, including the CBRT, increased by ₺88 billion 20 million 485 thousand in the week ending May 12 and reached ₺8 trillion 740 billion 869 million 237 thousand. Total loan volume increased by 56.80% compared to the same period of the previous year.

Source: Trthaber / Prepared by Irem Yildiz

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