Record decline in KKM continues

While the KKM balance experienced its fastest weekly decline, loan volume showed an increase. Total deposits were observed to have decreased significantly.

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According to the weekly bulletin of the Banking Regulation and Supervision Agency (BDDK), the KKM (FX-protected deposit) balance decreased by 3.7 percent, or 67 billion 719 million liras, last week, falling to 1 trillion 764.3 billion liras.

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This marked the fastest decline of all time on a weekly proportional basis.

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The banking sector's loan volume increased by 138 billion 169 million liras in the week of August 2, reaching 14 trillion 138 billion 532 million liras.

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During the period in question, the loan volume increased from 14 trillion 363 million liras to 14 trillion 138 billion 532 million liras.

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Total deposits in the banking sector, including interbank deposits, decreased by 148 billion 385 million liras last week, falling to 16 trillion 783 billion 210 million liras.

News Source : 12punto