Türkiye: Weekly Banking Tracker, 22 November 2024

Summary

On the week of 22nd November, the weekly growth of FX-adjusted credits continued to accelerate due to strong weekly increase in consumer credits in the sector.

Key points

• Key points:
• Acceleration in consumer credits was led by public banks’ general purpose loans. This was followed by housing loans’ increase which is mostly being led by private banks.
• Overall trend in consumer credits continued to move up, however including credit cards it came down with this week’s contraction in public banks.
• Weak growth in TL commercial credits continued with deceleration in both public and private banks.
• The FC protected scheme continued to fall by another $905mn to $35.7bn. The share of TL deposits excluding FC protected scheme in total deposits remained stable at 57.5%.
• The Non-Performing Loans (NPL) ratio of the sector remained at 1.8%.

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