Published on Friday, June 9, 2017 | Updated on Friday, June 9, 2017
Turkey | Monthly Banking Monitor. May 2017
Summary
High momentum in commercial credits of Turkish banking sector supported by Credit Guarantee Fund continued in May, carrying credit Growth (YoY) to 17.3% level. On consumer credits side, housing and general purpose loans (GPL) remained strong. Continuing rise in deposit interest rates indicates the increased demand for deposits in this high credit growth environment.
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Authors
AB
Ali Batuhan Barlas
BBVA Research - Senior Economist
DE
Deniz Ergun
BBVA Research - Senior Economist