Increase in Foreign Currency Deposits: 1.88 Billion Dollars, the Largest in Two and a Half Years

Real Persons' Foreign Currency Deposits on the Rise

According to the Central Bank of the Republic of Turkey (CBRT), in the week of January 30, foreign currency deposits of domestic residents, adjusted for exchange rate effects, increased by 1.88 billion dollars. This increase was higher than the previous week's 1.76 billion dollars increase.

Especially, foreign currency deposits of real persons rose to 3.15 billion dollars, while the deposits of legal entities decreased by 1.27 billion dollars. Thus, the increase in real persons' deposits was recorded as the highest increase in the last two and a half years.

Decrease in Currency Protected Deposits Continues

Currency Protected Turkish Lira Deposit and Participation Accounts (KKM) fell by 232 million lira last week, dropping to 2 billion 914 million lira.

Developments in the Banking Sector

According to data from the Banking Regulation and Supervision Agency (BRSA), the total credit volume of the banking sector increased by approximately 382 billion 96 million lira in the week of January 30, rising to 23 trillion 588 billion 22 million lira.

On the other hand, total deposits in the banking system, including interbank, decreased by 78 billion 39 million lira, falling to 27 trillion 826 billion 66 million lira last week.