Yearly growth rate of FX adjusted credits increased from 20.4% to 20.6% as 13 week trend rate rises to 16.9% from 14.5%.
This increase is based mainly on the commercial credits. Although weekly growth rate of FX adjusted commercial credits was low (0.1%), 13 week trend rate increased from 11.9% to 15.5% due to a favorable base effect.
In the period of 29 September - 06 October where USDTRY decreased by only 0.1%, there were inflows to TRY deposits (TRY 3.8bln) and outflows from USD deposits (USD 2.3bln). On a yoy basis, TRY deposits’ growth rate decreased from 11.7% to 11.3% and growth rate of USD deposits decreased from 16.2% to 15.8%.