Published on Friday, January 26, 2024 | Updated on Monday, January 29, 2024

Türkiye | Weekly Banking Tracker. January 19, 2024

In the week ending by January 19, foreign currency adjusted weekly credit growth decelerated and turned to negative growth from 0.4% to -0.1% due to consumer credits of public banks. Total credits’ 13-week annualized trend fell from 25.6% to 24.5%.

Key points

  • Key points:
  • TL commercial credits’ weekly growth decelerated due to public banks’ non-SME credits.
  • Consumer credits’ weekly growth turned to negative due to weekly contraction in all consumer sub-segments in public banks. Consumer credit card spending weekly growth turned to negative in the sector.
  • FC credits turned to negative growth again due to non-SME lending in the sector.
  • TL deposits fell by TL 30bn led by the outflows from TL demand deposits of official institutions. Inflows into TL time deposits of hholds continued. Residents’ FC deposits rose by $346mn. Adjusted from price effects, FC deposits rose by $917mn according to our calculations.
  • Commercial credit rates fell only very slightly by 2bps to 52.9% whereas consumer rates fell by 134bps to 60.7% worsening slightly the spreads on the consumer segment.

Documents to download



New comment

Be the first to add a comment.

Load more

You may also be interested in