Credit volume increased by 102.2 billion TL last week

According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BDDK), the sector’s credit volume increased by 102 billion 280 million lira as of September 29.

During this period, the total volume of credit increased from 10 trillion 585 billion 61 million liras to 10 trillion 687 billion 341 million liras.

Total deposits in the banking sector (including interbank) decreased last week by 24 million lira. Total deposits of the banking sector, which in the week in question decreased by 0.2 percent, amounted to 13 trillion 309 billion 511 million lira.

CONSUMER CREDITS 1.4 TRILLION TL

According to the bulletin, the amount of consumer loans increased by 8.136 billion liras to 1.448 billion 624 billion liras as of September 29. Of these loans, 446 thousand 46 million lira corresponded to housing loans, 87 thousand 938 million lira to vehicle loans and 914 thousand 640 million lira to consumer loans.

During this period, the amount of commercial installment loans increased by 11 billion 603 million lira, reaching 1 trillion 238 billion 983 million lira. Banks’ individual credit card credits increased by 3 percent, reaching 965 billion 441 million lira. Of the individual credit card receivables, 429 billion lira 310 million consisted of installment debts and 536 billion lira 130 million consisted of installment debts.

LEGAL EQUITY INCREASED

As of September 29, overdue accounts receivable in the banking sector decreased by 1 billion 866 million lira compared to the previous week and decreased to 168 billion 261 million lira. Special provisions were allocated for 145 billion 767 million lira of overdue accounts receivable.

In the same period, the legal share capital of the banking system increased by 4 thousand 983 million liras and reached 2 trillion 304 billion 531 million liras. (AA)