Newsletters
Central Bank of the Republic of Türkiye (CBRT) saw its total reserves swell by $5.1 billion during the week ending Aug. 14, pushing the overall figure to $183.5 billion, while carry trade volume surged past previous peaks to hit a fresh record of $62.4 billion.
Gross foreign exchange reserves stood at $71 billion on Aug. 7, the previous week's reading. Gold reserves also racked up a solid gain, adding $990 million to reach $108.33 billion from $107.4 billion.
Net reserves climbed $4.2 billion as well, landing at $67.1 billion. Excluding swaps, that net figure still ticked upward to $54.3 billion over the same stretch.
Overseas investors acquired $176.1 million in equities and $445.9 million in private-sector bonds during the week ending Aug. 14, while disposing of $306.2 million in government domestic borrowing notes.
That rebalancing ended a nine-week consecutive period of net foreign purchases in the bond market. Since the start of the year, net inflows into Turkish equities have reached $1.6 billion, while government bond markets have attracted $2.4 billion over the same period.
As a result, foreign equity holdings rose from $40.8 billion to $41.7 billion week-on-week. Government bond holdings declined from $18.5 billion to $18.1 billion, whereas private-sector bond holdings expanded from $4.1 billion to $4.5 billion.
The banking sector's total deposits rose by ₺448 billion week-on-week, reaching ₺33.2 trillion ($692.3 billion).
Foreign-currency deposits at banks reached $268.5 billion, with $228.2 billion held by domestic residents, though exchange-rate-adjusted figures show a $297 million decline in their FX deposits.
Consumer loans extended to domestic residents grew 1.3% over the week, reaching ₺6.9 trillion. Housing loans accounted for ₺821 billion of that total, vehicle loans for ₺41 billion, personal-need loans for ₺2.6 trillion, and individual credit card balances for ₺3.4 trillion.
Set as preferred source
Set as preferred source
1 min read
1 min read
