The decline in KKM balances continues

Exchange Rate Protected Turkish Lira Deposit and Participation Accounts (KKM) decreased by 13 billion 6 million lira last week to 521 billion 610 million lira.

According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BRSA), the total credit volume of the banking sector increased by 119 billion 73 million lira in the week of July 11, from 19 trillion 575 billion 137 million lira to 19 trillion 694 billion 210 million lira.

Total deposits in the banking sector, including interbank deposits, increased by 518 billion 657 million lira last week, reaching 23 trillion 87 billion 902 million lira.

Consumer loans increased to 2.398 trillion lira

As of July 11, the amount of consumer loans increased by 16 billion 725 million lira to 2 trillion 398 billion 14 million lira.

Of this amount, 588 billion 450 million liras were for housing, 58 billion 631 million liras for vehicles and 1 trillion 750 billion 933 million liras for consumer loans.

During this period, the amount of commercial installment loans increased by 24 billion 978 million lira and reached 2 trillion 884 billion 843 million lira.

Banks' individual credit card receivables increased by 0.9 percent to 2 trillion 261 billion 402 million lira.

Of the individual credit card receivables, 760 billion 95 million liras were installment debts, while 1 trillion 501 billion 307 million liras were non-installment debts.

LEGAL EQUITY INCREASED

As of July 11, non-performing loans in the banking sector increased by 5.572 billion lira compared to the previous week, reaching 437.341 billion lira. Special provisions were set aside for 318.184 billion lira of these non-performing loans.

In the same period, the legal equity capital of the banking system increased by 10 billion 176 million lira and reached 4 trillion 24 billion 31 million lira.

The KKM balance decreased by 13.06 billion lira last week to 521.61 billion lira. Thus, the KKM size became 2.26 percent of total deposits.