Loans

9/10/2020

Commercial Credits Made Available Reached TL 2.7 Trillion as of July

According to Turkey Union of Banks Risk Center, commercial credits increased 32% in July.- Credit used by construction sector has been TL285 billion, rate of credits to be liquidated has been 9.5%...

According to the 2020 July report of Turkey Union of Banks Risk Center, cash credits made available by member establishments increased 34% as of July 2020 compared to the previous year and reached TL 3 trillion 525 billion. Of cash credits, TL 3 trillion 426 billion to banks, TL53 billion to financial leasing companies, TL24 billion to factoring companies and TL 22 billion to financing agencies. 

Receivables to be liquidated as of July is TL174 billion

Receivables to be liquidated as of July 2020 has been TL174 billion. Rate of receivables to be liquidated total credits decreased 0.3 points in July 2020, compared to end-2019 to be 4.7. The recession trend experienced since early 2020 continued. Of the receivables to be liquidated, TL165 billion to banks; TL4.9 billion to financial leasing companies, TL2.2 billion to factoring companies and TL 1.9 billion to financing agencies.

Commercial credits increased 32% in July

As of July,  commercial credits increased 32% and reached TL 2 trillion 733 billion. Share of commercial credits in total has been 78%. Sectors for which commercial credits made available are Manufacturing Industry TL 778 billion TL (28%), Wholesale and Retain Trade TL 480 billion (%18), Construction TL285 billion (%10), Energy TL 241 billion (%9), Transportation Storage and Communication TL 223 billion (%8), Real Estate TL 191 billion TL (%7), Tourism TL 126 billion (%5), Agriculture TL 114 billion TL (%4).

As of July 2020, the sector whose receivables to be liquidated is the highest, have been the construction sector with 9.5%.  The tourism sector followed by 7.1%.