Business

Turkiye: The credit volume of the banking sector was ₺11 trillion 630 billion last week

The credit volume of the banking sector increased by ₺150 billion 797 million last week, reaching ₺11 trillion 630 billion 252 million.

According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BRSA), the sector’s credit volume increased by ₺150 billion 797 million as of December 29.

During the said period, total loan volume increased from ₺11 trillion 479 billion 454 million to ₺11 trillion 630 billion 252 million.

Total deposits in the banking sector, including interbanks, increased by ₺169 billion 86 million last week. Total deposits of the banking sector, which increased by 1.2%, reached ₺14 trillion 843 billion 81 million.

The amount of consumer loans increased by ₺15 billion 847 million to ₺1 trillion 513 billion 751 million as of December 29. Of these loans, ₺438 billion 351 million consisted of housing loans, ₺95 billion 807 million of vehicle loans and ₺979 billion 593 million of consumer loans.

During this period, the amount of installment commercial loans increased by ₺18 billion 722 million and reached ₺1 trillion 384 billion 737 million.

Banks’ individual credit card receivables increased by 5% to ₺1 trillion 154 billion 922 million. Of the individual credit card receivables, ₺499 billion 596 million were installment debts and ₺655 billion 326 million were non-installment debts.

INCREASE IN LEGAL EQUITY

As of December 29, non-performing receivables in the banking sector increased by ₺16 billion 326 million compared to the previous week, reaching ₺191 billion 428 million. Special provisions were allocated for ₺150 billion 534 million of non-performing receivables.

In the same period, the legal equity capital of the banking system increased by ₺6 billion 176 million and reached ₺2 trillion 444 billion 278 million.

Source: Patronlardunyasi / Prepared by Irem Yildiz

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