KKM accounts decreased by 10.4 billion TL last week

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Lerato Khumalo

The credit volume of the banking sector increased by 64 billion 584 million lira in the week of September 13, reaching 14 trillion 687 billion 686 million lira.

According to the weekly bulletin of the Banking Regulation and Supervision Agency (BDDK), the sector’s credit volume increased by 64 billion 584 million lira as of September 13.

In the period in question, the credit volume increased from 14 trillion 623 billion 103 million lira to 14 trillion 687 billion 686 million lira.

Total deposits in the banking sector, including interbank deposits, increased by 309 billion 415 million lira last week and reached 17 trillion 613 billion 411 million lira.

– The amount of consumer loans reached 1 trillion 817.4 billion lira

The amount of consumer loans increased by 16 billion 866 million lira to 1 trillion 817 billion 399 million lira as of September 13. Of this amount, 461 billion 352 million lira was housing, 80 billion 790 million lira was vehicle and 1 trillion 275 billion 257 million lira was consumer loans.

During this period, the amount of commercial installment loans increased by 5 billion 781 million lira and reached 1 trillion 857 billion 38 million lira.

Banks’ individual credit card receivables increased by 2.3 percent to 1 trillion 623 billion 959 million lira. 554 billion 761 million lira of individual credit card receivables were installment debts, while 1 trillion 69 billion 198 million lira were non-installment debts.

KKM BALANCE DECREASED BY 10.4 BILLION TL

As of September 13, the outstanding receivables in the banking sector increased by 2 billion 28 million lira compared to the previous week and reached 259 billion 255 million lira. Special provisions were set aside for 193 billion 842 million lira of outstanding receivables.

In the same period, the legal equity capital of the banking system increased by 7 billion lira to 3 trillion 145 billion 402 million lira.

The KKM balance decreased by 0.7 percent and 10 billion 441 million lira last week, falling to 1 trillion 564 billion 311.6 million lira.

Thus, the size of the KKM decreased to 8.9 percent of total deposits.