Latest Data on the Banking Sector: How Are Loans and Deposits Moving?

According to the weekly data released by the Banking Regulation and Supervision Agency (BRSA), the Turkish banking sector has experienced significant growth in loans and deposits since the beginning of the year. As of December 5, 2024, total loans in the banking sector reached 15 trillion 417.58 billion TL as of November 29. This figure indicates a notable increase from the year-start level of 11 trillion 630.25 billion TL.

Increase in commercial loans and credit card debt Commercial and other loans rose to 11 trillion 730.32 billion TL, constituting an important component of the sector. This data was recorded at 11 trillion 623.92 billion TL the previous week and 8 trillion 961.58 billion TL at the beginning of the year. Additionally, the total of individual credit cards reached 1 trillion 744.56 billion TL, marking a significant increase from the year-start level of 1 trillion 154.92 billion TL.

Current status of deposits and securities Total deposits in the banking system were reported at 18 trillion 167.44 billion TL. This figure had been 18 trillion 275.03 billion TL in the previous week, highlighting a weekly decline. Total deposits were at a level of 14 trillion 843.08 billion TL at the beginning of the year. Total securities amounted to 5 trillion 79.40 billion TL, up from 3 trillion 963.31 billion TL at the year-start.

Foreign exchange positions and non-performing loans Foreign exchange positions in the banking sector were also evaluated with updated data. The net general foreign currency position was recorded at 67.7 billion TL, decreasing from 68.08 billion TL the previous week. This item was at 91.43 billion TL at the beginning of the year, showing a continued decline. Off-balance sheet foreign currency positions fell to 662.7 billion TL, compared to 1 trillion 289.31 billion TL at the year-start. Non-performing loans increased from 281.53 billion TL the previous week to 286.87 billion TL.

Continued rise in consumer loans According to BRSA data, total consumer loans reached 1 trillion 942.70 billion TL, indicating growth from the year-start level of 1 trillion 513.75 billion TL. The total of consumer loans and individual credit cards reached 3 trillion 687.26 billion TL.

These data suggest that, despite the challenges faced throughout the year, the banking sector is on a path of expansion. The comprehensive data provided by the BRSA reflects the ongoing monitoring of the sector's financial condition and the evolution of economic indicators.