Business · Economy · 13 hrs ago

Turkish bank deposits fall as lending rises

Turkish bank deposits fall as lending rises

Turkey’s banking sector had fewer deposits in the week ending Oct.

30, according to weekly figures from the central bank.

Total deposits fell 0.32% to 34.11 trillion lira.

Total bank credit rose to 28.22 trillion lira, up from about 27.99 trillion lira a week earlier.

Consumer loans to residents increased 1.65% to 7.05 trillion lira, including borrowing through credit cards, personal loans, housing loans and vehicle loans.

The figures show deposits and lending moving in different directions, with credit expanding during the week.

The figures cover that week; no further developments are specified.

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