Business

Turkish banking sector loan volume was ₺6 trillion 719 billion last week

The credit volume of the banking sector increased by ₺29 billion 77 million last week to ₺6 trillion 719 billion 436 million.

According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BDDK), the loan volume of the sector increased by ₺29 billion 77 million as of September 16. In the said period, the total loan volume increased from ₺6 trillion 690 billion 359 million to ₺6 trillion 719 billion 436 million.

Total deposits in the banking sector (including interbank) increased by ₺98 billion 813 million last week. The total deposits of the banking sector, which increased by 1.3% in the week in question, became ₺7 trillion 974 billion 301 million.

Consumer loans amounted to ₺949 billion

According to the data, the amount of consumer loans decreased by ₺248 million as of September 16 to ₺949 billion 19 million. ₺353 billion 933 million of the said loans consisted of housing loans, ₺29 billion 632 million for vehicles and ₺565 billion 454 million for consumer loans.

In the said period, the amount of installment commercial loans increased by ₺2 billion 157 million and rose to ₺876 billion 366 million. Banks’ personal credit card receivables increased by 0.1% to ₺328 billion 542 million ₺149 billion 506 million of personal credit card receivables were in installments and ₺179 billion 37 million were without installments.

Legal equity increased

According to the BRSA weekly data, NPLs in the banking sector decreased by ₺34 million compared to the previous week to ₺163 billion 504 million as of September 16. A special provision has been made for ₺133 billion 527 million of the aforementioned non-performing loans.

In the same period, legal equities of the banking system increased by ₺9 billion 857 million and reached ₺1 trillion 367 billion 186 million.

Source: Trthaber / Translated by Irem Yildiz

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