BDDK Data: Banking Sector Sees Growth in Loans and Deposits, While KKM Declines Continue

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BDDK Data: Banking Sector Sees Growth in Loans and Deposits, While KKM Declines Continue

The Banking Regulation and Supervision Agency (BDDK) has announced significant data regarding the banking sector as of December 20, 2024. The commercial and other loans within Turkey's banking system have increased by over 30% since the beginning of the year, reaching 11 trillion 975.67 billion TL. Last week, this figure was 11 trillion 899.13 billion TL.

The banking system's deposits have risen to 18 trillion 544.36 billion TL, showing an increase of approximately 4 trillion TL compared to the beginning of the year. The deposits, which were 18 trillion 551.28 billion TL the previous week, experienced a slight decline.

Consumer loans and foreign currency positions Consumer loans have grown by over 30% during the year, reaching 1 trillion 982.88 billion TL. Last week, this amount was 1 trillion 978.75 billion TL. There has been a significant increase in the use of individual credit cards since the beginning of the year; however, it declined to 1 trillion 728.77 billion TL last week.

Total financial assets of the banking sector rose to 5 trillion 163.64 billion TL, while the non-performing loans increased to 282.20 billion TL since the beginning of the year. The net foreign currency position decreased to 36.13 billion TL, showing a significant drop from 59.82 billion TL the previous week and down from 91.43 billion TL at the beginning of the year.

Currency-protected deposits and loans Currency-protected TL deposits and participation accounts decreased from 1 trillion 169.52 billion TL last week to 1 trillion 153.48 billion TL. The amount of these accounts, which was 2 trillion 626.35 billion TL at the beginning of the year, has shown a declining trend throughout the year.

As of December 20, the total loans of the banking sector have risen to 15 trillion 687.32 billion TL. Compared to the loan volume of 11 trillion 630.25 billion TL at the beginning of the year, there has been a notable increase in the overall loan amount. This data reflects the dynamic developments within the banking sector and the changing market conditions.