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Turkey: The loan volume of banks reached ₺5.6 trillion

The loan volume of the banking sector increased by ₺58 billion 277 million in the week of April 29 compared to the previous week and reached ₺5 trillion 638 billion 952 million.

According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BDDK), the loan volume of the sector increased by ₺58 billion 277 million as of April 29. In the said period, the total loan volume increased from ₺5 trillion 580 billion 676 million to ₺5 trillion 638 billion 952 million.

Total deposits in the banking sector (including interbank) increased by ₺19 billion 84 million in the same period. The total deposits of the banking sector, which increased by 0.3% in the week in question, became ₺6 trillion 131 billion 776 million.

The amount of consumer loans increased to ₺827 billion.

According to the data, the amount of consumer loans increased by ₺7 billion 511 million as of April 29 and reached ₺827 billion 303 million. Of these loans, ₺321 billion 218 million consisted of housing loans, ₺17 billion 493 million vehicle loans and ₺488 billion 592 million consumer loans.

In the said period, the amount of commercial loans with installments increased by ₺18 billion 722 million and rose to ₺778 billion 917 million. Individual credit card receivables of banks increased by 2.3% to 240 ₺billion 673 million. ₺97 billion 147 million of personal credit card receivables were in installments, and ₺143 billion 526 million were without installments.

Legal equity increased

According to the weekly data of the BRSA, non-performing loans in the banking sector decreased by ₺1 billion 96 million compared to the previous week and decreased to ₺160 billion 756 million as of April 29. A special provision has been made for ₺129 billion 767 million of the aforementioned non-performing loans.

In the same period, legal equities of the banking system increased by ₺4 billion 196 million and reached ₺1 trillion 170 billion 686 million.

Source: Trthaber / Translated by Irem Yildiz

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