The decline in KKM balance continues

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Lerato Khumalo

Exchange rate-protected Turkish lira deposit and participation accounts (KKM) decreased by 30 million lira to 249.8 million lira last week.

According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BDDK), the total credit volume of the banking sector decreased by 16 billion 606 million liras as of June 19, from 26 trillion 241 billion 145 million liras to 26 trillion 224 billion 538 million liras.

Total deposits in the banking sector, including interbanks, increased by 142 billion 558 million liras last week, rising from 29 trillion 709 billion 151 million liras to 29 trillion 851 billion 709 million liras.

CONSUMER CREDITS DECREASED TO 3 TRILLION 319 BILLION LIRA

The amount of consumer loans decreased by 10 billion 358 million liras in this period, falling to 3 trillion 319 billion 280 million liras. Of the amount in question, 796 billion 197 million lira consisted of housing loans, 43 billion 114 million lira from vehicle loans and 2 trillion 479 billion 969 million lira from consumer loans.

During this period, the amount of installment commercial loans increased by 16 billion 661 million liras and reached 4 trillion 99 billion 371 million liras. Banks’ individual credit card receivables decreased by 1.4 percent, reaching 3 trillion 162 billion 954 million lira.

Of the individual credit card receivables, 1 trillion 194 billion 193 million liras were installment debts, and 1 trillion 968 billion 761 million liras were non-installment debts.

LEGAL EQUITY INCREASED

As of June 19, non-performing receivables in the banking sector increased by 5 billion 759 million liras compared to the previous week, reaching 753 billion 672 million liras. A special provision was allocated for 567 billion 32 million liras of non-performing receivables.

In the same period, the legal equity capital of the banking system increased by 67 billion 713 million liras, reaching 5 trillion 747 billion 370 million liras.

KKM balance decreased by 30 million lira to 249.8 million lira last week.