Loan volume increased by TL 96.8 billion last week

According to the weekly bulletin published by the Banking Supervision and Regulation Agency (BDDK), the sector’s loan volume increased by 96.798 billion lira as of May 12.

In said period, the total volume of loans increased from 8 trillion 971 billion 53 million liras to 9 trillion 67 billion 851 million liras.

Total deposits (including interbank deposits) in the banking sector decreased by 34.592 billion lira last week. The total deposits of the banking sector, which decreased by 0.33 percent in the week in question, went to 10 trillion 405 thousand 836 million liras.

CONSUMER LOANS INCREASE

According to the data, the amount of consumer loans increased by 24.602 million liras as of May 12 to 1.353.28 billion liras. 423.4 trillion lira of such loans consisted of housing loans, 77.804 trillion lira for vehicles and 852.75 trillion lira for consumer loans.

In said period, the amount of commercial loans with installments increased by 5 thousand 149 million liras and reached 1 trillion 108 thousand 337 million liras. Banks’ individual credit card accounts receivable increased by 25.92 billion liras to 670.9 million liras. 353.461 million lira of personal credit card receivables were in installments, and 316.547 million liras were without installments.

THE FOLLOWING ACCOUNTS RECEIVABLE DECREASED

According to weekly data from BRSA, non-performing loans in the banking sector decreased by 495 million liras compared to the previous week and fell to 169.54 million liras as of May 12. A special provision for TL 144 billion 361 million has been reserved for the above-mentioned delinquent accounts receivable.

In the same period, legal actions in the banking system increased by 391 million liras and reached 1 trillion 935 billion 627 million liras. (AA)