Banking sector deposits increased

The Central Bank of the Republic of Turkey ( TCMB ) announced the weekly money and banking statistics. Accordingly, the total deposits of the banking sector increased by 163 billion 236 million 35 thousand liras in the week ending February 21, reaching 20 trillion 782 billion 155 million 608 thousand liras.

In the same period, TL deposits in banks decreased by 0.5 percent to 11 trillion 870 billion 231 million 180 thousand liras, while foreign currency (FX) deposits increased by 3 percent to 6 trillion 317 billion 675 million 14 thousand liras.

While total FX deposits in banks were $ 209 billion 807 million last week, $174 billion 669 million of this amount was collected in the accounts of domestic residents. When the data adjusted for parity effect is taken into account, there was an increase of $3.7 billion in total FX deposits of domestic residents as of February 21.

Consumer loans of domestic residents increased

In the banking sector, consumer loans of domestic residents decreased by 0.9 percent last week and amounted to 3 trillion 964 billion 108 million 398 thousand liras. Of the consumer loans of domestic residents in the banking sector, 531 billion 69 million 56 thousand liras were housing loans, 68 billion 312 million 333 thousand liras were vehicle loans, and 1 trillion 489 billion 766 million 78 thousand liras were consumer loans. The total credit volume of the banking sector, including the CBRT, increased by 28 billion 226 million 404 thousand in the week ending February 21 and reached 16 trillion 211 billion 16 million 616 thousand liras.