Thursday, 28 February 2019

The credit volume of the banking sector increased


The credit volume of the banking sector increased

The credit volume of the banking sector increased 12 billion 188 million pounds last week and increased to 2 trillion 405 billion 71 million pounds.

According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BRSA), the sector's credit volume increased by 12 billion 188 million pounds in the week ending February 22. In the said period, the total loan volume reached 2 trillion 405 billion 71 million liras from 2 trillion 392 billion 883 million liras.

Total deposits in the banking sector (including interbank) declined by 5 billion 680 million liras last week. In the aforementioned week, the total deposits of the banking sector, which decreased by 0.3 percent, amounted to 2 trillion 85 billion 400 million TL.

- Consumer loans increased

According to the data, consumer loans amounted to 395 billion 204 million pounds, increasing by 620 million pounds per week ending February 22. Of these loans, 184 billion 59 million TL was composed of housing, 6 billion 284 million TL vehicle and 204 billion 860 million TL.

In the said period, the amount of commercial loans increased by 1 billion 919 million to 367 billion 779 million pounds.

On the other hand, the credit card receivables of the banks decreased by 0.9 percent to 101 billion 31 million pounds. 42 billion 777 million pounds of personal credit card receivables installment, 58 billion 254 million pounds was without tax.

- Legal resources increased

According to BRSA weekly data, non-performing loans in the banking sector increased by 0.46 percent compared to the previous week and reached 101 billion 552 million.

Specific provision for these loans amounted to TL 69 billion 187 million. In the same period, the legal resources of the banking system increased by 1 billion 570 million pounds to 516 billion 460 million pounds.

NEWS