Türkiye’s banking sector loans reach $586B last week

Türkiye’s banking sector loan volume rose to 28.64 trillion Turkish liras ($585.96 billion) as of Oct. 2, according to data from the Banking Regulation and Supervision Agency (BDDK).

Total lending increased 0.85% from the previous week in lira terms.

Lira-denominated loans accounted for $374.05 billion of the total, while foreign currency loans amounted to $211.91 billion.

Commercial and other loans stood at $442.04 billion, while consumer loans and personal credit card receivables together totaled $143.92 billion.

Consumer loans reach $71.6B

Consumer loans amounted to $71.64 billion, including $17.25 billion in housing loans, $860 million in vehicle loans and $53.53 billion in general-purpose loans.

Banks’ personal credit card receivables totaled $72.28 billion. Of that amount, $27.23 billion consisted of installment debt and $45.05 billion of non-installment debt.

Consumer overdraft loans, included in the consumer lending total, stood at $19.33 billion.

Small business loans total $157.1B

Loans to small and medium-sized enterprises amounted to $157.09 billion.

Commercial installment loans stood at $88.27 billion, including $897 million in business property loans, $8.26 billion in vehicle loans and $79.12 billion in general-purpose commercial loans.

Corporate credit card receivables totaled $23.43 billion.