Türkiye | Weekly Banking Tracker. May 24, 2024

Summary

FC adjusted weekly credit growth accelerated strongly from 0.1% to 1.6% in the week ending by May 24th mainly due to both consumer and commercial credits in private banks.

Key points

• Key points:
• Among the sub-segments of TL credits, the weekly growth in TL commercial credits decelerated due to non-SME lending in the sector.
• Consumer credits’ weekly contraction turned into positive growth thanks to the increase in auto and general purpose loans.
• FC credits’ weekly growth continued to accelerate strongly, led by private banks’ non-SME lending.
• The decline in FC protected scheme (in US dollar terms) continued to decelerate again last week and declined by $371mn to USD 67.85bn.
• As released by the CBRT, TL deposit rates continued to fall by another 62bps to 58.1%.

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