Updated Data on the Central Bank of Turkey and the Banking Sector Released

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Updated Data on the Central Bank of Turkey and the Banking Sector Released

Important financial data regarding the Central Bank of the Republic of Turkey (CBRT) and the banking sector has been released as of November 1. According to the latest figures, an increase in the CBRT's net international reserves is observed, alongside various movements recorded in the banking sector.

CBRT Reserves Show Increase
As of November 1, the CBRT's net international reserves increased by $269 million, reaching $61.16 billion. Gross foreign exchange reserves decreased by 0.53% on a weekly basis to $93.005 billion, while gold reserves rose by 1.09% to $66.614 billion. The CBRT's total reserves increased by 0.14%, amounting to $159.619 billion.

Deposit and Credit Situation in the Banking Sector
The total deposits and funds in the banking sector increased by 0.23% as of November 1, reaching 18 trillion 512.44 billion TL. The loans provided by the sector rose by 0.62% to 14 trillion 645.55 billion TL. TL deposits increased by 0.15%, reaching 11 trillion 227.81 billion TL.

Decrease in Foreign Currency Deposits
Foreign currency deposits held by domestic residents decreased. Foreign currency deposits and funds (deposits + participation banks) fell by 0.23% weekly to $167.70 billion. Foreign currency deposits at deposit banks decreased by 0.43%, lowering to $147.90 billion.

Increase in Consumer and Housing Loans
As of November 1, housing loans from deposit banks reached 434 billion 63.14 million TL, showing an increase of 0.61%. Consumer loans increased by 0.79% weekly, amounting to 1 trillion 793.52 billion TL.

Positive Trend in Foreign Investors
Improvements were observed in the stock holdings of foreign investors in terms of stocks and Government Domestic Debt Securities (GDDS). The market value of the stock holdings reached $30 billion 480.4 million, increasing compared to the previous week. The market value of GDDS stock was recorded at $16 billion 184.8 million.

These data points indicate significant activity within the Turkish economy. The increases in reserves, along with the growth in deposits and loans in the banking sector, come as important indicators for closely tracking the trends in the economy.