Turkish banking sector's assets and loan volume up

Thursday, July 03, 2014

The credit volume in Turkey's banking sector increases to 13.5 billion Turkish liras ($6.3 billion) in a week and its deposits reached $459 billion

The credit volume in Turkey's banking sector increases to 13.5 billion Turkish liras ($6.3 billion) in a week and its deposits reached $459 billion

ANKARA - The volume of loans from the Turkish banking sector increased to 1.091 trillion Turkish liras ($509 billion) in the week ending June 27, Turkey's Central Bank said in its weekly bulletin Thursday.

While the credit volume stood at 1.077 trillion Turkish lira ($505 billion) as of June 20, it increased by 13.5 billion Turkish lira ($6.3 billion) in a week.

The overall credit volume, excluding financials, totaled 1.068 trillion Turkish lira ($499 billion).

Additionally, the size of the Turkish banking sector's general deposits, including interbank deposits, increased by 1.30 percent in the week from 20 June to the 27.

The volume of general deposits reached 978.9 billion Turkish lira ($459 billion) as of June 27, according to data released by Turkey´s Central Bank on Thursday.

Copyright © 2014 Anadolu Agency