FX adjusted credits’ yearly growth rate continues to float around 20.4%. 13 week trend rate increased to 14.5% from previous week’s 13.7%.
On consumer credits’ side, yearly growth rate of housing and general purpose loans (GPL) continue to float around 20%. In terms of recent momentum, GPL have an even higher 13 week trend rate of 27.5% (14.6% for housing loans).
In the period of 22 - 29 September where USDTRY increased by 1.8%, there were inflows to TRY deposits (TRY 1.6bln) and outflows from USD deposits (USD 3.3bln). On a yoy basis, TRY deposits’ growth rate decreased from 12.7% to 11.7% and growth rate of USD deposits increased from 15.8% to 16.2%.
Compared to previous month, interest rates for commercial credits decreased by around 50 bps and interest rates for TRY deposits increased by around 50 bps.