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Decline of 36 Billion Liras in Foreign Currency Protected Deposits

November 7, 20242 Mins Read

Last week, there was a decline of 36.4 million liras in foreign currency protected deposit accounts. The total FCP balance dropped to 1 trillion 338 billion 568 million liras. The Banking Regulation and Supervision Agency (BRSA) released weekly data. The total loan volume of the banking sector increased by 90 billion 616 million liras to reach 15 trillion 133 billion 998 million liras during the week of November 1st. Total deposits in the banking sector, including interbank, rose by 7 billion 250 million liras last week, reaching 18 trillion 26 billion 417 million liras. The amount of consumer loans increased by 14 billion 179 million liras to reach 1 trillion 884 billion 844 million liras as of November 1st. This amount consisted of 481 billion 486 million liras in housing loans, 75 billion 604 million liras in vehicle loans, and 1 trillion 327 billion 754 million liras in personal loans. During this period, the amount of installment commercial loans increased by 9 billion 534 million liras to reach 1 trillion 982 billion 37 million liras. Banks’ receivables from individual credit cards increased by 2.7% to 1 trillion 677 billion 179 million liras. Of this amount, 570 billion 930 million liras were installment debts, and 1 trillion 106 billion 249 million liras were non-installment debts. Total special reserves for non-performing loans reached 201 billion 715 million liras. In the same period, legal equity of the banking system increased by 3 billion 24 million liras to 3 trillion 293 billion 79 million liras. The FCP balance saw a decrease of 36 billion 397 million liras, dropping to 1 trillion 338 billion 568 million liras last week, which accounted for 7.43% of total deposits.

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