The increase in overdue loans continues: Total debt has exceeded 30 billion TL.

The trend of increasing overdue loans continues. Due to high interest rates and declining purchasing power, there is a weak performance in vehicle, housing, and personal loans, while on the individual side, the growth in overdue credit card receivables is particularly noteworthy.

According to the data from the Banking Regulation and Supervision Agency (BDDK), the total amount of overdue receivables in individual credit cards was 16 billion lira on January 5, while this figure rose to approximately 46 billion lira on November 1.

This means that the amount of overdue receivables, which constitutes two-thirds of the total, amounting to 30 billion lira, occurred in the first 10 months of this year. In corporate credit cards, overdue receivables increased by 3.6 billion lira in 10 months. Thus, half of the total receivables occurred in the first 10 months of this year.

OVERDUE LOANS AT LOW LEVEL

On the loan side, the ratio of overdue receivables to cash loans is quite low at 1.71%. However, the data from the last 10 months shows that the deterioration is accelerating. In consumer loans, the ratio of those falling into arrears reached 38% of the total in the first 10 months of this year. This ratio was 37.5% for vehicle loans, 26.9% for housing loans, and 38.2% for personal loans. The balance of overdue "commercial and other" loans was 145.8 billion lira on January 5, while this figure reached 180 billion lira on November 1.