Bank Loans Up, Central Bank Reserves Down

- Total loans of Turkey's banking system rose by 0.74 percent to 1.25 trillion lira in December 15-19 week, while gross foreign exchange reserves of the Central Bank melted by 4.6 billion dollars, over the save period.

Banking sector's total loans rose by 19.23 percent on annual basis at December 19, keepin its level above 19.0 percent, according to the Turkish Banking Sector Interactive Monthly Bulletin, released by Turkey Banking Regulation and Supervision Agency (BRSA). The increase of the total loans stood at 16.94 percent, from the first week of the year, to December 19.

Annual increase rate rose to 19.32 percent in December 8-12 week, after falling to 18.79 percent, the lowest level in 2014, in November 24-28 week. The banking sector's loan increase between the first week of the year to December 19 was at 16.08 percent.

FOREIGN EXCHANGE RESERVES
Gross foreign exchange reserves of the Central Bank fell by 4 billion 637 million dollars to 107 billion 210 million dollars in December 15-19 week, from 111 billion 847 million dollar the week before.

The gross reserves of the Central Bank dissolved in December 15-19 week due to Bank's lending the energy importer public companies the foreign exchange they need to buy crude oil and natural gas, according to the analyists.

The Central Bank decided to meet the foreign exchange demands of the energy importer public companies, to stop the soaring foreign exchange rates, due to domestic and international economic developments.

The gold reserves of the Central Bank fell by 52 million dollars to 20 billion 135 million dollar over the same period.