TURKISH BANKS - Weekly banking review
In the week to 19th October, total loans decreased 2.7% w-w while total deposits dropped 2.8% w-w. The annual run rate of TRY loan growth declined to 10% from 10.5% a week ago. State banks led the TRY loan growth with an annual rate of 18% (18.7% a week ago) vs. 5.6% (6.2% a week ago) for private banks. On top of that, the LDR remained flat at 114%, while the NPL ratio was 3.3% with 70% coverage.
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