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Turkiye: The loan volume of the banking sector increased to ₺6 trillion 516 billion

The credit volume of the banking sector increased by ₺21 billion 723 million last week to ₺6 trillion 515 billion 928 million. As of August 5, the amount of consumer loans was ₺929 billion 787 million.

According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BDDK), the loan volume of the sector increased by ₺21 billion 723 million as of August 5. In the said period, the total loan volume increased from ₺6 trillion 494 billion 205 million to ₺6 trillion 515 billion 928 million.

Total deposits in the banking sector (including interbank) increased by ₺135 billion 90 million last week. The total deposits of the banking sector, which increased by 1.8% in the week in question, became ₺7 trillion 587 billion 516 million.

The amount of consumer loans increased to ₺930 billion

According to the data, the amount of consumer loans increased by ₺2 billion 993 million as of August 5 to ₺929 billion 787 million. Of these loans, ₺351 billion 271 million consisted of housing loans, ₺26 billion 247 million vehicle loans and ₺552 billion 268 million consumer loans.

In the said period, the amount of installment commercial loans increased by ₺4 billion 341 million and rose to ₺862 billion 981 million. Banks’ personal credit card receivables increased by 1.3% to ₺298 billion 318 million. ₺129 billion 293 million of personal credit card receivables were in installments and ₺169 billion 25 million were without installments.

Legal equity has decreased

According to the BRSA weekly data, non-performing loans in the banking sector increased by ₺694 million compared to the previous week and reached ₺162 billion 638 million as of August 5. A special provision has been made for ₺133 billion 141 million of the aforementioned non-performing loans.

In the same period, legal equities of the banking system decreased by ₺1 billion 209 million and became ₺1 trillion 319 billion 643 million.

Source: Trthaber / Translated by Irem Yildiz

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