Total loan stock reached 3.8 trillion lira at the end of October

By the end of October, cash loans increased by 42 percent compared to the same period last year and reached 3 trillion 827 billion liras.

10.12.2020 13:11:000

Banks Association of Turkey (TBB) October bulletin published by the Risk Center.

Accordingly, cash loans extended by TBB Risk Center member institutions increased by 42 percent compared to the same period of the previous year and reached 3 trillion 827 billion liras as of October.

3 trillion 713 billion lira of cash loans were provided by banks, 59 billion lira by financial leasing companies, 28 billion lira by factoring companies and 27 billion by financing companies.

The receivables to be liquidated amounted to 175 billion liras as of October. 166 billion lira of the receivables to be liquidated belonged to banks, 5.4 billion lira to financial leasing companies, 2.2 billion lira to factoring companies and 1.8 billion to financing companies.

The ratio of receivables to be liquidated to total loans decreased by 1.6 points compared to the end of last year in October and was recorded as 4.4 percent.

Commercial loans approached 3 trillion lira

Commercial loans increased by 41 percent in October compared to the same period of the last year and rose to 2 trillion 978 billion lira. The share of commercial loans in the total was 78 percent.

While the manufacturing industry had the highest share with 28 percent in loans, the share of wholesale and retail trade and construction sectors was over 10 percent.

In this period, the sector with the highest rate of receivables to be liquidated was construction with 8.7 percent. Tourism followed this sector with 6.2 percent.

Individual loans were 849 billion lira

Retail loans extended by banks and non-bank financial institutions increased by 45 percent to 849 billion lira. Consumer loans made up 46 percent of individual loans, housing loans 34 percent, credit cards 16 percent and vehicle loans 4 percent.

The non-performing loan ratio in retail loans decreased by 1.5 points to 2.6 percent in October compared to the same period of the previous year.

In the same period, the number of people using personal loans (excluding non-performing loans) increased by 2.4 million people in the last year to 33.9 million, while the average loan balance was 25.1 thousand TL.

82 thousand people used consumer loans for the first time

In October, 82 thousand people used consumer loans and 19 thousand people used housing loans for the first time, while the number of people using credit cards reached 277 thousand. During this period, 84 thousand people used overdraft accounts for the first time.

In the same period, personal loans of 256 billion lira in Istanbul, 83 billion lira in Ankara and 58 billion lira in Izmir.

While Hakkari was the province with the highest increase in personal loan balance in the last 12 months with 85 percent, the provinces with the highest average personal loans per person (including credit cards) were listed as Ankara, İzmir and Tekirdağ.

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