Page 37 - TURKRptMay20

8.1.3​ Deposits
FX deposits in local banks held by residents of Turkey have increased on a weekly basis for the first time in four weeks, Turkish central bank data showed on April 16.
The deposits rose to $195bn in the week ending April 10 from $194.2bn a week earlier.
FX deposits as a percentage of all deposits stood at 49.4%.
As of March 3, locals held nearly $201bn in FX accounts. In the following four weeks, they then sold some $7.5bn of those deposits.
Both individuals and companies have placed more hard currencies in their bank accounts.
Residents of Turkey sold EUR to buy dollars, the data showed. They held $107.6bn and $64.4bn-equivalent of EUR in their accounts as of April 10 versus $106.97bn and $65.bn-equivalent of EUR, respectively, a week earlier.
8.1.4​ NPLs
Major NPL sales by Turkish lenders
Seller
TRYmn
Price
Recovery
Buyers
Dec-19
ICBC
18
-
-
Emir
Dec-19
Seker
150
-
-
Sumer
Dec-19
Akbank
715
33
4.59%
Istanbul, Gelecek
Dec-19
Garanti
323.3
25.1
7.76%
Efes, Gelecek
Oct-19
Deniz
205
-
-
Hedef, Emir
Sep-19
Isbank
1097
32
2.95%
Efes, Hayat, Birikim, Dogru
Jul-19
Garanti
260
19
7.12%
Gelecek
Jun-19
Yapi Kredi
917
26
2.79%
Arsan, Dogru, Efes, Emir, Gelecek, Hayat, Sumer
Jun-19
Seker
203
-
-
-
May-19
Yapi Kredi
298
23
7.61%
Hayat, Arsan
May-19
Isbank
418
30
7.17%
Efes, Gelecek
Apr-19
Garanti
365
19
5.33%
Sumer
37​ TURKEY Country Report​ May 2020 ​ ​www.intellinews.com