Increase in Foreign Currency Deposits: Central Bank of Turkey Data Released

Foreign Currency Deposits in Turkey Rise Again

According to data from the Central Bank of the Republic of Turkey (CBRT), during the week of January 16, domestic residents' foreign currency deposits increased by 548 million dollars after being adjusted for currency effects. This increase came after a 520 million dollar decrease in the previous week.

Difference Between Real and Legal Persons

In the same period, the foreign currency deposits of real persons increased by 716 million dollars, while those of legal persons recorded a decline of 168 million dollars. This situation also highlights the investment behaviors in the markets.

Continuation of Decline in Currency Protected Deposits

On the other hand, Currency Protected Turkish Lira Deposits and Participation Accounts (KKM) decreased by 1 billion 21 million lira last week, falling to 4 billion 765 million lira. This decline may lead to a reassessment of investors' confidence perceptions.

Overall Situation in the Banking Sector

According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BRSA), the total credit volume of the banking sector increased by 49 billion 718 million lira during the week of January 16, reaching a total of 23 trillion 74 billion 773 million lira.

In addition, the total deposits in the sector, including interbank transactions, rose by 608 billion 149 million lira last week, reaching 27 trillion 465 billion 430 million lira.