The BRSA released the weekly sector figures for January 4-11, 2013. The details are as follows:

Lending: The Turkish banking sector's total loan book decreased by 0.5% w/w to TRY 805bn. In detail, TRY loans increased by 0.6% w/w, while foreign currency loans in dollar terms increased by 0.8% w/w.

When we examine the sub sectors, corporate loans increased by 0.9% w/w, whereas consumer loans increased by 0.5% in the underlying week. Among consumer loans, general purpose loans registered the highest weekly growth at 0.7%, followed by mortgage loans with 0.4% w/w growth.

Asset quality: The system's total gross bad loans increased slightly by 0.2% w/w, while the NPL remained almost the same at 2.92%. The sector's coverage ratio remained 76% for the week.

Deposits: For the week, total deposits increased by 1.7% to TRY 821bn. Local currency deposits grew by 1.4% w/w, while FC deposits increased by 2.9% w/w in dollar terms. The loans to deposits ratio declined to 98% from 99.2% in the previous week.

Source: bne