The decline in KKM accounts continues

According to weekly data published by the Banking Regulation and Supervision Agency (BDDK), the total loan volume of the banking sector increased by 124 billion 946 million liras in the week of July 4, reaching 19 trillion 575 billion 99 million liras. In the same period, total deposits in the banking sector decreased by 563 billion 325 million liras, falling to 22 trillion 568 billion 746 million liras.

Consumer loans increased by 12 billion 3 million liras as of July 4, rising to 2 trillion 381 billion 289 million liras. Of these loans, 585 billion 768 million liras consisted of housing loans, 58 billion 883 million liras of vehicle loans, and 1 trillion 736 billion 638 million liras of personal loans. Installment commercial loans increased by 31 billion 807 million liras, reaching 2 trillion 859 billion 864 million liras.

Individual credit card receivables reached a level of 2 trillion 241 billion 642 million liras, an increase of 1 percent. Of these receivables, 748 billion 301 million liras consisted of installment debts, while 1 trillion 493 billion 341 million liras consisted of non-installment debts.

Non-performing loans in the banking sector increased by 6 billion 808 million liras, rising to 431 billion 769 million liras. Specific provisions were set aside for 315 billion 131 million liras of these receivables. In the same period, the legal equity of the banking system increased by 14 billion 279 million liras, reaching 4 trillion 13 billion 856 million liras. The KKM balance accounted for 2.37 percent of total deposits.