Turkish banking sector sees rise in credit and deposits

As of October 16, the total credit volume in the Turkish banking sector increased by 41.71 billion lira, reaching 28.678 trillion lira. Total deposits, including interbank transactions, rose by 761.408 billion lira to 33.108 trillion lira.

Consumer loans decreased by 23.583 billion lira to 3.489 trillion lira. This figure includes 846.919 billion lira in housing loans, 41.767 billion lira in vehicle loans, and 2.6 trillion lira in personal loans. Meanwhile, installment commercial loans rose by 32.508 billion lira to 4.361 trillion lira.

Individual credit card receivables fell by 81.566 billion lira to 3.390 trillion lira. Non-performing receivables increased by 16.860 billion lira, reaching 945.610 billion lira, with 694.414 billion lira covered by special provisions. The legal equity of the banking system reached 6.150 trillion lira.

Separately, the Central Bank of the Republic of Türkiye reported that the Financial Services Confidence Index fell by 3.2 points to 155.2 in October. While expectations for service demand and profitability over the next three months strengthened, assessments regarding current business conditions, service demand, employment, and profitability showed signs of weakening.