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- October 22, 202614°
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CBRT data shows deposits rise while consumer loans fall
CBRT's weekly statistics revealed that total deposits in the banking sector rose 0.86% to reach 31.3 trillion lira, while consumer loans fell 0.83% to 6.48 trillion lira.
According to the weekly monetary and banking statistics released by the Central Bank of the Republic of Turkey (CBRT), total deposits in the banking sector continued to rise in the week ending June 19. The sector's total deposits increased by 269 billion 622 million 994 thousand lira in one week, rising from 31 trillion 30 billion 549 million 884 thousand lira to 31 trillion 300 billion 172 million 879 thousand lira.
Thus, total deposit volume grew by 0.86% on a weekly basis. TL and foreign currency deposits both rose. In the same period, Turkish lira deposits increased by 0.51% to reach 17 trillion 24 billion 997 million 610 thousand lira. Foreign currency deposits rose by 0.46% to 10 trillion 256 billion 327 million 99 thousand lira.
Total foreign currency deposits in banks stood at 262 billion 208 million dollars, of which 222 billion 74 million dollars consisted of accounts of residents and domestic institutions. Foreign currency deposits of residents increased. According to parity-adjusted data, the increase in foreign currency deposits of residents continued.
In the week of June 19, foreign currency accounts of residents rose by 1 billion 456 million dollars. This development indicated that foreign currency demand strengthened again in that week.
Consumer loans decline. The consumer loans used by residents in the banking sector decreased. Consumer loans fell by 0.83% last week to 6 trillion 475 billion 40 million 524 thousand lira.
Loan Type Amount Housing Loans 795.4 billion TL Vehicle Loans 43.0 billion TL Personal Loans 2.47 trillion TL Individual Credit Cards 3.16 trillion TL Total 6.48 trillion TL The data showed that individual credit cards remained the largest item within consumer loans.
Banking sector's total loan volume declines. There was a limited decrease in the total loan volume of the banking sector, including the CBRT. In the week ending June 19, the total loan volume decreased by 13 billion 574 million 345 thousand lira, falling from 25 trillion 573 billion 634 million 477 thousand lira to 25 trillion 560 billion 60 million 132 thousand lira.
Indicator Amount Weekly Change Total Deposits 31.3 trillion TL 0.86% ▲ TL Deposits 17.0 trillion TL 0.51% ▲ FC Deposits 10.3 trillion TL 0.46% ▲ Total FC Deposits 262.2 billion dollars ▲ Consumer Loans 6.48 trillion TL 0.83% ▼ Total Loan Volume 25.56 trillion TL ▼ 13.6 billion TL The data showed that deposit growth in the banking sector continued, while there was a limited slowdown in loan volume and consumer loans.
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