Turkey's banking sector credit tops 26 trillion lira as deposits slip

Data released by the Banking Regulation and Supervision Agency (BDDK) show that Turkey's total credit portfolio expanded sharply, rising 36.6% year‑over‑year to about 26.75 trillion lira. Small‑ and medium‑sized enterprise (KOBİ) loans grew 49.5% to 7.24 trillion lira, while non‑performing KOBİ loans more than doubled, jumping 112.9% to 278.3 billion lira. Consumer credit also surged, increasing 44.4% to 6.68 trillion lira, with delinquent consumer loans up 72.7% to 320.3 billion lira. Credit‑card balances reached 3.28 trillion lira, and arrears on card debt rose 79.1% to over 170 billion lira.

In the same week, total bank deposits fell by 261.9 billion lira to 31.37 trillion lira, with Turkish‑lira deposits down 2.4% to 17.10 trillion lira, while foreign‑currency deposits edged higher to about 10.13 trillion lira (≈256.9 billion USD). Consumer loans grew modestly by 1.4% to 6.67 trillion lira, pushing the overall credit volume past the 26 trillion lira threshold for the first time.