The banking sector's credit volume increased in the week of August 9

Total deposits of the banking sector increased by approximately 178.5 billion lira in the week ending August 9 compared to the previous week and rose to 17 trillion 470.6 billion lira.

The Central Bank of the Republic of Turkey (CBRT) announced the weekly money and banking statistics.

Accordingly, the total deposits of the banking sector (including interbank deposits) increased by 178 billion 509 million 573 thousand liras in the week ending August 9, reaching 17 trillion 470 billion 570 million 918 thousand liras.

In the same period, TL deposits in banks increased by 0.22 percent to 10 trillion 377 billion 113 million 946 thousand liras, while foreign currency (FX) deposits increased by 2.50 percent to 6 trillion 320 billion 446 million 978 thousand liras.

While total foreign exchange deposits in banks amounted to 198 billion 812 million dollars last week, 167 billion 928 million dollars of this amount was collected in the accounts of people resident in the country.

Considering the data adjusted for parity effect, total FX deposits of domestic residents increased by 2 billion 844 million dollars as of August 9.

CONSUMER LOANS

Consumer loans in deposit banks increased by 0.72 percent last week and reached 1 trillion 679 billion 489 million 584 thousand lira.

In the same period, commercial installment loans increased by 0.75 percent to 1 trillion 626 billion 883 million 141 thousand liras, while credit card balances decreased by 0.60 percent to 2 trillion 3 billion 734 million 931 thousand liras.

Consumer loans in deposit banks consisted of 408 billion 140 million 567 thousand liras for housing, 65 billion 538 million 768 thousand liras for vehicles and 1 trillion 205 billion 810 million 249 thousand liras for other loans.

The total credit volume of the banking sector, including the CBRT, increased by 104 billion 227 million 226 thousand liras in the week ending August 9, reaching 13 trillion 777 billion 90 million 594 thousand liras.

Total loan volume increased by 38.77 percent compared to the same period last year.