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Decline in Foreign Currency Protected Deposits Continues

During the week of March 28, there was a withdrawal of 20.5 billion Turkish liras from foreign currency protected deposit accounts. The downward trend in foreign currency protected deposits persist. According to data from the Banking Regulation and Supervision Agency (BRSA), foreign currency protected deposit accounts decreased from 779 billion liras to 758.5 billion liras in the week of March 28. This resulted in a weekly decline of 2.6% in these accounts. During the same week, loans increased from 17 trillion 491 billion liras to 17 trillion 564 billion liras. Deposits, on the other hand, rose from 20 trillion 979 billion liras to 21 trillion 123 billion liras.

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