Decline in Exchange Rate Protected Deposits

Exchange Rate Protected Turkish Lira Deposits and Participation Accounts (ERPD) decreased by 16 billion 202 million liras last week, reaching 728 billion 91 million liras. According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BRSA), the total loan volume of the banking sector increased by 283 billion 550 million liras to 17 trillion 716 billion 448 million liras in the week ending on April 11, reaching 17 trillion 999 billion 997 million liras. Meanwhile, total deposits in the banking sector, including interbank, increased by 294 billion 622 million liras last week to 21 trillion 272 billion 828 million liras. Consumer loans rose too, with a total of 20 billion 591 million liras, making it 2 trillion 206 billion 904 million liras as of April 11. Out of this amount, 551 billion 721 million liras were for housing loans, 65 billion 81 million liras for vehicle loans, and 1 trillion 590 billion 102 million liras for personal loans. During this period, the amount of term trade loans increased by 23 billion 492 million liras to 2 trillion 553 billion 368 million liras. On the other hand, banks’ individual credit card receivables increased by 1.7%, reaching 2 trillion 5 billion 330 million liras. Of these, 682 billion 964 million liras were with installment payments, and 1 trillion 322 billion 366 million liras were non-installment debts. In the banking sector, non-performing loans reached 366 billion 111 million liras with an increase of 7 billion 816 million liras compared to the previous week by April 11. Meanwhile, provisions of 268 billion 414 million liras were set aside for non-performing loans. During the same period, the legal equity of the banking system increased by 193 million liras to 3 trillion 776 billion 506 million liras. ERPD balance, on the other hand, decreased by 16 billion 202 million liras last week, settling at 728 billion 91 million liras. Consequently, the ERPD size accounted for 3.42% of the total deposits.