Business · Economy · 15 hrs ago

Turkish Banks’ Loans Rise as Deposits Fall in Week to Oct. 23

Turkish Banks’ Loans Rise as Deposits Fall in Week to Oct. 23

Turkey’s banking regulator said total bank loans rose in the week to Oct.

23.

They increased by about 98 billion lira to 28.8 trillion lira.

Total deposits fell by about 256 billion lira to 32.9 trillion lira.

Consumer loans climbed to 3.5 trillion lira, while personal credit card debt reached 3.4 trillion lira.

Overdue loans increased by about 19.5 billion lira to 965.1 billion lira, and banks had set aside 700.9 billion lira in provisions for them.

Banks’ legal equity also rose, reaching 6.2 trillion lira; the figures describe one week, and no further steps were announced.

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