Turkish banks' loan volume down by $503 billion

Thursday, May 15, 2014

Volume of loans from the Turkish banking sector fell $1.8 billion in the last week

Volume of loans from the Turkish banking sector fell $1.8 billion in the last week

ANKARA - The total loan volume from Turkish banks decreased to 1.048 trillion Turkish lira ($503 billion) between May 2 and May 9, Turkey's Central Bank said in its weekly bulletin on Thursday. 

The credit volume stood at 1.052 trillion Turkish lira on May 2, and has fallen by 3.8 billion Turkish lira ($1.8 billion) in a week.

The overall credit volume, excluding financials, totals 1.029 trillion Turkish lira ($497 billion).

Turkey's Central Bank reserves up

Turkey's Central Bank reserves increased almost US$70 million to $129.6 billion in the week leading up to May 9, according to weekly Central Bank figures on Thursday.

The Bank's gross foreign exchange reserves were up nearly $48 million and reached $108.9 billion.

Gold reserves also increased by $26 million during the week and remained at $20.64 billion.

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