Deposits of the banking sector increased

Weekly money and bank statistics were published by the Central Bank of the Republic of Turkey (CBRT).

Accordingly, total deposits in the banking sector (including between banks) increased by 87 billion 118 million 971 thousand liras in the week ending March 3 and rose to 9 trillion 780 billion 956 million 706 thousand liras.

In the same period, TL deposits in banks increased by 1.4 percent to 5 trillion 459 billion 195 million 725 thousand liras, and foreign currency (FX) deposits increased by 0.5 percent to 3 trillion 953 billion 393 million 746 thousand liras.

While the total FX deposits in banks were 219 billion 859 million dollars last week, 186.4 billion dollars of this amount was collected in the accounts of residents.

Looking at the change in total FX deposits of domestic residents, there was a decrease of 112 million dollars as of March 3, adjusted for the parity effect.

The amount of installment commercial loans increased

Consumer loans in deposit banks increased by 1.5 percent last week to 1 trillion 143 billion 415 million 857 thousand liras. In the same period, commercial loans with installments increased by 0.5 percent to 888 billion 152 million 364 thousand liras, and the balance of credit cards increased by 2.2 percent to 743 billion 972 million 583 thousand liras.

Of the consumer loans in deposit banks, 338 billion 57 million 321 thousand liras consisted of housing, 45 billion 481 million 748 thousand liras vehicle and 759 billion 876 million 788 thousand liras other loans.

The total loan volume of the banking sector, including the CBRT, increased by 85 billion 60 million 70 thousand liras in the week ending March 3 and reached 7 trillion 796 billion 329 million 313 thousand liras. Total loan volume increased by 54.97 percent compared to the same period of the previous year.

Central Bank reserves decreased

Foreign currency deposits increased by $592.7 million

The amount accumulated in KKM and participation accounts dropped