In Turkey, 1 Million Lira Deposit Exceeded 20 Trillion.

Record Increase in Deposits Over 1 Million Lira

In Turkey, the number of account holders with deposits of 1 million lira or more has significantly increased by 728,847 as of September 2024, reaching a total of 2 million 736 thousand 415. During this period, the total deposit level has also reached 20 trillion 108 billion 579 million lira, setting a new record.

Details of Deposit Increase

According to data from the Banking Regulation and Supervision Agency (BRSA), the total amount of deposits of 1 million lira and above recorded an increase of 5 billion 321 million 931 thousand lira by the end of 2024. Thus, the average deposit amount per account holder was determined to be 7 million 348.5 thousand lira.

Local Currency and Foreign Currency Deposit Accounts

As of September 2023, the deposits of domestic residents consist of 12 trillion 33 billion 65 million lira in local currency, 4 trillion 859 billion 191 million lira in foreign currency deposit accounts, and 1 trillion 837 billion 79 million lira in precious metal deposit accounts. The total deposits have reached 18 trillion 729 billion 336 million lira.

Significant Increase in Foreign Residents’ Deposits

As of September, the number of foreign residents has been recorded as 215,764. This figure indicates an increase of 36,770 individuals compared to December. The deposits held abroad amount to a total of 409 billion 511 million lira in local currency, 894 billion 851 million lira in foreign currency, and 74 billion 881 million lira in precious metal deposit accounts, reaching a total of 1 trillion 379 billion 243 million lira.

The average deposit of foreign residents is calculated to be 6 million 392.4 thousand lira.