Annual growth rate of FX adjusted credits increased from 19.7% to 20.5%. However, 13 week trend rate decreased further to 13.7% (back to the levels before the initiation of Credit Guarantee Fund (CGF) program).
On commercial credits’ side, yearly growth rate increased from 20.7% to 21.8% due to favorable low base effect of last year. Nevertheless, with the diminishing momentum of CGF, 13 week trend rate decreased from 12.1% to 11.5%.
In the period of 15 - 22 September where USDTRY increased by 1.6%, there were inflows to TRY deposits (TRY 1.9bln) and USD deposits remained stable (USD 0.1bln outflow). On a yoy basis, TRY deposits’ growth rate increased from 11.2% to 12.7% and growth rate of USD deposits increased from 14.7% to 15.8%.