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- October 13, 202617°
- BIST10012,151-0.94%
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- INTEREST37.00%-1.00
- BITCOIN81,724-2.33%
- October 13, 202617°
Türkiye’s banking sector loan volume rises to 28.4 trillion liras by Sept. 25
The banking sector’s total loan volume rose by 164 billion 595 million liras week-on-week to reach 28 trillion 402 billion 282 million liras as of Sept. 25. During the same period, total deposits increased to 32 trillion 675 billion 352 million liras, while nonperforming loans rose to 887 billion 804 million liras.
According to the Banking Regulation and Supervision Agency’s (BDDK) weekly bulletin, the banking sector’s total loan volume increased by 164 billion 595 million liras as of Sept. 25. Loan volume rose from 28 trillion 237 billion 686 million liras to 28 trillion 402 billion 282 million liras.
Total deposits, including interbank deposits, also increased by 122 billion 81 million liras during the same week. Total deposits rose from 32 trillion 553 billion 270 million liras to 32 trillion 675 billion 352 million liras.
Consumer loans exceed 3.4 trillion liras
Consumer loans increased by 34 billion 253 million liras to reach 3 trillion 485 billion 459 million liras. Of the consumer loans, 838 billion 850 million liras consisted of housing loans, 42 billion 375 million liras of vehicle loans and 2 trillion 604 billion 234 million liras of personal loans.
Installment-based commercial loans rose by 18 billion 249 million liras to 4 trillion 283 billion 287 million liras. Banks’ individual credit card receivables also increased by 23 billion 576 million liras to 3 trillion 463 billion 851 million liras.
Of individual credit card receivables, 1 trillion 341 billion 67 million liras consisted of installment debt, while 2 trillion 122 billion 784 million liras consisted of non-installment debt.
Nonperforming loans rise to 887.8 billion liras
The banking sector’s nonperforming loans increased by 11 billion 305 million liras from the previous week to reach 887 billion 804 million liras as of Sept. 25. Specific provisions were set aside for 668 billion 414 million liras of these receivables.
The sector’s statutory equity also increased by 86 billion 126 million liras during the same period to reach 6 trillion 142 billion 471 million liras.
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