The Central Bank of the Republic of Turkey published the 2024 third quarter Bank Loans Tendency Survey.
According to the results of the survey in which 16 banks participated, it was seen that the standards applied to all personal loan types continued to tighten in the third quarter.
Banks’ expectation for the last quarter of 2024 is that the tightening in the standards applied to loans given to businesses will continue, albeit at a weakening rate.
According to the survey, in terms of demand in the third quarter, there was a decrease in demand for all loans except foreign currency loans.
The decrease in demand for loans to businesses is expected to continue at a weakening pace in the last quarter.
For housing and vehicle loans, banks’ last quarter expectation was that the standards applied to housing loans would begin to loosen and the tightening in the standards applied to vehicle loans would end.
Banks expect the tightening in standards applied to other types of individual loans to continue in the last quarter.
