Banking Authority Data: Growth in Total Deposits and Loans Continues
The Banking Regulation and Supervision Agency (BRSA) has announced the banking sector data for the week of December 27, 2024. The report indicates that the sector has recorded significant growth in various areas since the beginning of the year.
Strong Increase in Deposits and Loans
Total deposits in the banking system reached 18 trillion 998.75 billion TL, marking a 2.4% increase compared to the previous week. Deposits, which were 14 trillion 843.08 billion TL at the beginning of the year, have increased by 28% over the year.
As of the same week, total loans in the sector rose to 15 trillion 900.56 billion TL, experiencing a 36.7% increase since the start of the year. Commercial and other loans climbed to 12 trillion 93.80 billion TL, reflecting a 1% increase from the previous week. The usage of individual credit cards also surged, reaching 1 trillion 795.05 billion TL, indicating a growth of 55.4% compared to the beginning of the year.
Increase in Consumer Loans Continues
Consumer loans reached 2 trillion 11.71 billion TL, with a 1.5% increase from the previous week. Consumer loans, which have risen by 32.9% since the beginning of the year, along with individual credit cards, totaled 3 trillion 806.76 billion TL.
Downward Trend in Currency-Protected Deposit Accounts
Although the total of Currency-Protected Deposit (KKM) accounts showed an increase compared to the previous week, it significantly declined compared to the beginning of the year, falling to 1 trillion 229.90 billion TL.
Securities and Foreign Currency Positions
Total securities in the banking sector increased by 0.6% to 5 trillion 195.37 billion TL compared to the previous week, recording a growth of 31.1% since the beginning of the year. The net general position in foreign currency rose to 41.80 billion TL, reflecting a 15.7% increase from the previous week.
Additionally, the off-balance sheet foreign currency position reached 713.14 billion TL, declining by 44.7% since the beginning of the year. The on-balance sheet foreign currency position stood at -671.34 billion TL, moving negatively compared to the previous week.
Banking Sector Maintains Strong Performance
BRSA data reveals that a strong growth trend in the banking sector has continued since the beginning of the year. Increases in deposits, loans, and securities indicate a positive performance in terms of liquidity and credit expansion. However, the decrease in currency-protected deposit accounts raises questions about the sector's strategic changes in this area.