Banking Deposits Hit Weekly Record While Credit Trends Show Subtle Shifts

Banking sector deposits surged to a new weekly high, rising 0.3% in the week ending July 10.

Rising Rhythm of Deposits

■TL 31 trillion 458 billion 97 million 148 thousand total deposits, up TL 85 billion 826 million 227 thousand from the prior week.

■Turkish‑lira deposits rose 1.1% to TL 17 trillion 281 billion 553 million 574 thousand.

■Foreign‑currency (FX) deposits remained flat at $10.129 trillion.

Stagnant FX Deposits and Parity Adjustment

■Total FX deposits stood at $255.652 billion, with $216.830 billion belonging to domestic investors.

■After stripping out parity effects, domestic FX deposits increased by $693 million.

Subtle Decline in Consumer Loans

■Domestic residents' consumer loans fell 0.1% to TL 6 trillion 665 billion 273 million 309 thousand.

■Loan composition: housing TL 806 billion 948 million 304 thousand, auto TL 42 billion 244 million 811 thousand, personal TL 2 trillion 539 billion 468 million 176 thousand, credit‑card TL 3 trillion 276 billion 612 million 18 thousand.

Stability and Growth in Credit Volume

■Total credit volume rose by TL 68 billion 601 million 73 thousand, reaching TL 26 trillion 119 billion 721 million 800 thousand.

Market participants note that the sustained deposit growth and modest credit‑volume increase signal stable liquidity conditions. The dip in consumer loans, however, may reflect a cautious stance by households, potentially influencing short‑term rate expectations and swap spreads. The CBRT's policy rate direction will be a key driver of how these dynamics evolve going forward.