Rapid Growth in Consumer Loans: Reached 2.69 Trillion Liras

Consumer Loan Growth Accelerates

The weekly bulletin published by the Banking Regulation and Supervision Agency (BRSA) revealed that the total credit volume of the banking sector increased by approximately 175 billion 782 million lira in the week of October 31, reaching 21 trillion 580 billion 855 million lira.

Consumer Loan Growth

The growth rate of consumer loans increased rapidly, reaching 48.8%. During this period, the total amount of consumer loans rose by 39 billion 641 million lira to 2 trillion 692 billion 947 million lira.

Distribution of Loans

The distribution of consumer loans is as follows:

• Housing loans: 642 billion 223 million lira
• Vehicle loans: 49 billion 591 million lira
• Personal loans: 2 trillion 1 billion 133 million lira

Decrease in Commercial Loans

Meanwhile, the annualized commercial loan growth for the past 13 weeks fell to 20.4%, the lowest level in the last six weeks, in the week of October 31. The amount of installment commercial loans increased by 36 billion 258 million lira, reaching 3 trillion 200 billion 541 million lira.

Increase in Individual Credit Card Receivables

The individual credit card receivables of banks also showed an increase of 3.2%, reaching 2 trillion 591 billion 513 million lira. Of these receivables, 36% consist of installment debts, while 64% consist of non-installment debts.

Increase in Legal Equity

The non-performing loans in the banking sector increased by 14 billion 468 million lira as of October 31, reaching 533 billion 516 million lira. Additionally, the sector's legal equity level reached 4 trillion 651 billion 675 million lira, with an increase of 2 billion 259 million lira.