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The Central Bank of the Republic of Türkiye (CBRT) reported that its total reserves rose to a record $215.6 billion during the week ending Jan. 23, marking the highest level in the bank’s history and surpassing the previous week's record.
According to weekly data, gross foreign exchange reserves increased by $2.05 billion to $86.2 billion, while gold reserves rose by $8.39 billion to $129.4 billion.
Net foreign exchange reserves climbed by $6.3 billion to $97.2 billion over the same week, while net reserves excluding currency swaps increased by $6.7 billion to $85.3 billion.
Foreign investors kept up their interest in Turkish markets for the eighth straight week, snapping up a total of $1.75 billion in assets. That included $490.6 million in stocks and $1.26 billion in government domestic debt securities (GDSs).
Cumulative net equity inflows have now topped $1.8 billion over the past seven weeks, pointing to sustained foreign appetite for Turkish assets amid improving macro indicators.
The value of equities held by non-residents rose from $38.53 billion to $39.87 billion, while their holdings in government bonds increased from $20.02 billion to $21.51 billion.
Separately, holdings in lease certificates reached $989.9 million.
The banking sector’s total deposits grew by ₺587.9 billion ($13.53 billion) during the week, bringing the total to ₺29.2 trillion ($672.42 billion).
The foreign currency deposit base held in Turkish banks stood at $269.4 billion, of which $231 billion belonged to domestic residents.
The increase was largely attributed to higher gold prices, which affect gold-linked deposit accounts.
Meanwhile, domestic consumer loans rose by 1.1% week-on-week to reach ₺5.69 trillion, pointing to ongoing credit growth.
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