Turkey's Treasury auctions two bonds

ANKARA - Turkey's Treasury held two bond auctions worth 4.36 billion Turkish Liras ($2 billion) on Monday as it continues with plans to pay back 43.8 billion Turkish Liras ($20.1 billion) of domestic debt for the period of June to August 2014.

In a May 30 statement, the Treasury put domestic borrowing for the same period at 34.5 billion Turkish Liras ($16.5 billion).

The treasury will hold three more auctions tomorrow.

Turkish banks' loan volume up

Turkey's banks loaned a total of 1.100 trillion Turkish lira ($525 billion) in the week ending May 16, the Turkish Banking Regulation and Supervision Agency said on Monday.

The credit volume stood at 1.092 trillion Turkish lira as of April 11, and increased by 7.5 billion Turkish lira in a week.

The overall credit volume, excluding financials, totaled 1.007 trillion Turkish lira, increasing by 0.76 percent compared to the previous week.

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