Rapid Decline in Foreign Currency Protected Deposits

Withdrawals from foreign currency protected deposit accounts totaled 40 billion liras last week. The total balance of FC protected TL deposit and participation accounts approached 879 billion liras.
Withdrawals from FC protected TL deposit and participation accounts accelerated.
According to the data from the Banking Regulation and Supervision Agency (BRSA), FC protected accounts decreased by 40 billion 248 million liras in the week of February 21st.
The total balance of FC protected accounts decreased from 919.6 billion liras to 879 billion 344 million liras.
Thus, the FC protected account size accounted for 4.43% of total deposits.
Total deposits in the banking sector, including interbank transactions, increased by 168 billion 365 million liras last week, reaching 19 trillion 871 billion 247 million liras.