Total deposits in Turkey’s banking sector fell 0.52 percent in the week ending 6 November, according to weekly money and banking statistics published by the Central Bank of the Republic of Türkiye (CBRT).
Lira deposits decline
Domestic residents’ lira-denominated deposits dropped 1.90 percent over the same week. Foreign-currency deposits held by domestic residents moved the other way, rising 1.90 percent.
Total foreign-currency deposits across the banking sector stood at $264,681,000,000 in the latest week. Of that, $227,102,000,000 was held by domestic residents.
Adjusted for the parity effect, domestic residents’ total foreign-currency deposits rose by $1,492,000,000 as of 6 November. The adjustment strips out the effect of exchange-rate swings between currencies within the FX deposit base, isolating the underlying change in holdings.
Loans move higher
Total bank loans rose in the same week, even as deposits fell. Domestic residents’ consumer loans were an exception, slipping 0.39 percent.
Within consumer loans, housing loans stood at 854,322,000,000 Turkish lira. Vehicle loans were far smaller, at 42,590,000,000 Turkish lira.
