FX-Protected TL Deposits Continue to Decline in Türkiye

The Banking Regulation and Supervision Agency (BRSA) reported another weekly drop in FX-protected Turkish lira (TL) deposit and participation accounts, signaling a continued shift in savings preferences.

According to BRSA’s weekly bulletin for the week ending August 8, these accounts fell from ₺477.6 billion to ₺458.5 billion.

In the same period, total loans increased slightly from ₺20.052 trillion to ₺20.153 trillion, while total deposits grew from ₺23.354 trillion to ₺23.472 trillion.

Breaking down the lending data, consumer loans rose from ₺2.438 trillion to ₺2.454 trillion, while individual credit card balances edged down from ₺2.385 trillion to ₺2.360 trillion.

Non-performing loans showed a modest rise, reaching ₺457.8 billion from ₺454.6 billion a week earlier.

Economists suggest that the decline in FX-protected accounts reflects changing interest rate dynamics and shifting investor sentiment, while overall credit growth indicates resilient demand in the Turkish banking sector.