Turkey's banking deposits rise as foreign investors keep buying assets

The Central Bank of the Republic of Turkey (TCMB) reported that total deposits in the banking sector increased by 1.07% in the week ending 26 June, climbing to 31.634 trillion Turkish lira. Turkish‑lira‑denominated deposits grew 2.92% to 17.522 trillion lira, while foreign‑currency deposits fell 1.25% to 10.129 trillion lira, equivalent to about $258.9 billion, of which $218.4 billion belonged to domestic residents.

Consumer loans for resident individuals rose 1.64% to 6.581 trillion lira, with housing loans accounting for 799 billion lira, vehicle loans 43 billion lira, needs‑based loans 2.521 trillion lira and credit‑card debt 3.216 trillion lira. Overall credit volume in the banking sector increased by 327.363 billion lira to 25.887 trillion lira.

Foreign investors continued to add to Turkish financial assets, net buying $203.3 million of equities and $448.3 million of government bonds (DIBs) in the same week. Over the past two weeks, net inflows amounted to $669 million into equities and $788 million into bonds, even as their total holdings of Turkish stocks and bonds slipped slightly due to market‑value changes.