Foreign currency deposits of individuals increased

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Lerato Khumalo

Total deposits of the banking sector increased by 85 billion 826 million 227 thousand liras in the week ending July 10 compared to the previous week, reaching 31 trillion 458 billion 97 million 148 thousand liras.

The Central Bank of the Republic of Türkiye announced weekly money and bank statistics. Accordingly, the total deposits of the banking sector increased by 0.3 percent and 85 billion 826 million 227 thousand liras in the week ending July 10, from 31 trillion 372 billion 270 million 922 thousand liras to 31 trillion 458 billion 97 million 148 thousand liras.

In the same period, Turkish lira deposits in banks increased by 1.1 percent to 17 trillion 281 billion 553 million 574 thousand liras, and foreign currency (FX) deposits remained flat to 10 trillion 129 billion 7 million 31 thousand liras.

While total FX deposits in banks amounted to 255 billion 652 million dollars last week, 216 billion 830 million dollars of this amount was collected in the accounts of domestic residents.

Considering the parity-adjusted data in the total FX deposits of domestic residents, there was an increase of 693 million dollars as of July 10.

CONSUMER CREDITS OF DOMESTIC RESIDENTS DECREASED

Consumer loans of domestic residents in the banking sector decreased by 0.1 percent last week to 6 trillion 665 billion 273 million 309 thousand liras.

Of the loans in question, 806 billion 948 million 304 thousand liras were housing loans, 42 billion 244 million 811 thousand liras were vehicle loans, 2 trillion 539 billion 468 million 176 thousand liras were consumer loans, and 3 trillion 276 billion 612 million 18 thousand liras were individual credit cards.

The total credit volume of the banking sector, including the Central Bank of the Republic of Turkey, increased by 68 billion 601 million 73 thousand liras in the week ending July 10, from 26 trillion 51 billion 120 million 727 thousand liras to 26 trillion 119 billion 721 million 800 thousand liras.