According to statistical data disclosed by the Banks Association of Turkey (TBB) on Tuesday, a total of 2,753,748 people were granted TL 45 billion ($14.9 billion) worth of consumer loans and mortgage loans between April 2015 and June 2015. The amount of loans that were provided in this period soared by 26 percent when compared to the same period last year and by around 1 percent when compared to the previous quarter. The number of people using loans in this period increased by 4 percent when compared to the same period last year, while it dropped by around 1 percent when compared to the first quarter of the year.
The consumer loans and mortgage loans balance was TL 280 billion and the number of people receiving loans amounted to 17,547,786 by the end of the April-June period. The number of people using loans surged by 17 percent when compared to the same period last year, but it decreased by 1 percent when compared to the previous three-month period. The consumer loans and mortgage loans balance rose by 16 percent and 3 percent when compared to the same period last year and to the first quarter of the year, respectively.
In terms of the distribution of loans by product and service groups, consumer loans had the lion's share of 59 percent in the same period. It was followed by mortgage loans and other loans with 28 percent and 7 percent, respectively. A total of 2,287,048 people, 116,023 people and 308,788 people received around TL 27 billion worth of consumer loans, TL 13 billion worth of mortgage loans and TL 3 billion worth of other loans, respectively.
Vehicle loans, mortgage loans and consumer loans used in this period soared by 80 percent, 63 percent and 27 percent respectively when compared to the April-June period last year. Other loans plummeted by 44 percent in the same period. In terms of residuals, vehicle loans decreased by 17 percent when compared to the same quarter last year, while mortgage loans and consumer loans skyrocketed by 23 percent and 60 percent, respectively.
On the basis of borrowers, the average amount of consumer loans and mortgage loans was TL 16,000 between April 2015 and June 2015, and this figure was TL 63,000 and TL 110,000 in vehicle loans and mortgage loans, respectively. According to period-end balance data, the average amount of consumer loans and mortgage loans was TL 16,000 in the same period, and this figure was TL 71,000 and TL 22,000 in mortgage loans and vehicle loans, respectively.
The most preferred maturity segments in consumer loans and mortgage loans were a period of between 25 months and 36 months. It was followed by 73 months or longer and a period of between 49 months and 72 months, respectively. Around TL 9 billion worth of loans that were under administrative and legal follow-up constituted 3.12 percent of consumer loans and mortgage loans in the second quarter of the year. The amount of legally followed consumer loans and mortgage loans reached TL 727 million, marking a 13 percent increase when compared to the same period last year. Vehicle loans, mortgage loans, consumer loans and other loans accounted for 1 percent, 5 percent, 93 percent and 1 percent of total loans.
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