Total Credit Stock Approached 2.8 Trillion Turkish Liras

The "December 2019 Bulletin" of the TBB Risk Center has been published. Accordingly, cash loans extended by member institutions increased by 10 percent in 2019 compared to the previous year and rose to 2 trillion 787 billion liras. The recovery that started in July continued in the second half of the year. 2 trillion 691 billion lira of cash loans were extended by banks, 48 ​​billion lira financial leasing companies, 25 billion lira factoring companies and 23 billion lira financing companies. While the receivables to be liquidated increased to 177 billion liras as of 2019, 168 billion liras of this belonged to banks, 5 billion liras to financial leasing companies, 2.5 billion liras to factoring companies and 2.2 billion liras to finance companies. The ratio of loans to liquidation to total loans increased by 1.8 points in December 2019 compared to the same month of the previous year and reached 6 percent.

Total Credit Stock Approached 2.8 Trillion Turkish Liras

Commercial loans extended to legal and real person commercial customers increased by 9.5 percent in 2019 compared to the previous year and rose to 2 trillion 169 billion liras. Among the loans, the manufacturing industry was the sector with the highest share of 27 percent, while other main sectors with a share of 10 percent and above were wholesale and retail trade, construction and energy. As of the end of last year, the sector with the highest receivable ratio to be liquidated was the construction sector with 11 percent. This sector was followed by the tourism sector with 9.2 percent.