Banking sector deposits increase

The Central Bank of the Republic of Turkey (TCMB) has announced its weekly money and banking statistics. The total deposits of the banking sector (including interbank) increased by 79 billion 320 million 228 thousand lira in the week ending March 22, reaching 16 trillion 14 billion 952 million 94 thousand lira.

During the same period, Turkish Lira-denominated deposits in banks fell by 1.10 percent to 8 trillion 617 billion 64 million 484 thousand lira, while foreign currency (FX) deposits increased by 2.35 percent to 6 trillion 709 billion 253 million 742 thousand lira.

Total FX deposits in banks were calculated at 218 billion 457 million dollars last week, with 185 billion 833 million dollars of this amount held in the accounts of domestic residents.

When considering data adjusted for parity effects, an increase of 3 billion 608 million dollars was observed in the total FX deposits of domestic residents as of March 22.

LOAN VOLUME INCREASED

Consumer loans at deposit banks increased by 1.15 percent last week to 1 trillion 522 billion 179 million 816 thousand lira. During the same period, installment commercial loans rose by 0.08 percent to 1 trillion 438 billion 4 million 168 thousand lira, while credit card balances increased by 1.17 percent to 1 trillion 754 billion 731 million 217 thousand lira.

Consumer loans at deposit banks consisted of 399 billion 271 million 701 thousand lira in housing loans, 69 billion 444 million 184 thousand lira in vehicle loans, and 1 trillion 53 billion 463 million 931 thousand lira in other loans.

The total loan volume of the banking sector, including the TCMB, also increased by 48 billion 57 million 631 thousand lira in the week ending March 22, rising to 12 trillion 262 billion 11 million 140 thousand lira. Total loan volume showed an increase of 52 percent compared to the same period last year.