FX-Protected Deposit Balance in the Banking Sector Reached Zero and the Exit Process Is Completed

According to the weekly bulletin published by the Banking Regulation and Supervision Agency, the FX-protected deposit balance has been completely wiped out, and Treasury and Finance Minister Mehmet Şimşek made statements regarding this process.

Completion of the FX-Protected Deposit Process

The FX-protected deposit balance decreased by 4 million lira last week, dropping from 4 million lira to zero, thereby closing the calculation period in this area.

Treasury and Finance Minister Mehmet Şimşek stated that they have achieved another important goal of the economic program.

Minister Şimşek's Evaluations

Minister Mehmet Şimşek announced that they have successfully completed the exit process from FX-protected deposits, which constituted a contingent liability.

In his assessment on his social media account, Şimşek noted that they will continue policies that strengthen macro-financial stability.

Credit and Deposit Data

The total loan volume of the banking sector recorded an increase of 50 billion 984 million lira as of August 21.

Total deposits, including interbank, showed an increase of 506 billion 469 million lira last week.

Consumer Loans and Cards

The amount of consumer loans experienced a decline during this period, decreasing by 23 billion 33 million lira.

The individual credit card receivables of banks recorded a 2 percent decrease.