Turkish Bank Loans Dip as Consumer and Troubled Debt Rise
Weekly figures showed total loans and deposits declined, while consumer lending and banks’ non-performing receivables increased.
Key takeaways
- Total bank loans fell to 28 trillion 636 billion 794 million lira in the week to Oct. 9.
- Consumer loans and non-performing receivables rose, while individual credit card balances fell.
Turkey’s total banking-sector loans fell by 5 billion 502 million lira in the week to Oct. 9, reaching 28 trillion 636 billion 794 million lira, according to weekly data from the Banking Regulation and Supervision Agency.
Total deposits, including interbank transactions, declined by 17 billion 778 million lira to 32 trillion 346 billion 964 million lira. Consumer loans moved higher, rising by 10 billion 775 million lira to 3 trillion 512 billion 725 million lira.
Non-performing receivables increased by 14 billion 171 million lira to 928 billion 750 million lira. Individual credit card balances fell by 61 billion 745 million lira to 3 trillion 471 billion 812 million lira.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
