Highest Fall in Credit Card Spending in Istanbul

highest decline in credit card spending in Istanbul
highest decline in credit card spending in Istanbul

Held in Istanbul, where 30 per cent of credit card spending in Turkey, in the first quarter compared to last year, it was 59 per cent increase in credit edilemeyip followed charged. While gold deposits increased by 74,7 percent compared to the previous year, consumer loans increased by 37,5 percent. While the sector that uses the most loans is construction, the tourism sector was in the first place in the non-performing loans.


Istanbul Metropolitan Municipality Istanbul Statistical Office published the Financial Markets Istanbul Economy Bulletin, May 2020, where the financial markets in Istanbul are evaluated. According to the data published by İİO, on average, 30 percent of credit card spending is done from Istanbul in Turkey. Among all provinces, the highest decrease in credit card expenditures was in Istanbul with 2020 percent in the period of March 2019 - December 16,5. Decrease in credit card spending in Istanbul, in the same period, causing a decrease in the total credit card spending in Turkey.

Loans in Follow-Up Increased 59 Percent in One Year

Loan utilization in Istanbul in the first quarter of 2020 is 2019 percent compared to the same period in 14,8; Credits that could not be collected but followed up increased by 59 percent. While the amount of savings deposits per person in Istanbul was 42 thousand 516 TL, the cash loan per person was 73 thousand 517 TL.

Industry with the Highest Loan, Construction

In terms of sectoral loans, the construction sector was the sector in which the highest amount of loans was used in the first quarter of 2020, as in the same period of the previous year. The highest increase in proportion was realized in the metal and processed minerals and textile and textile products sectors. In the food, beverage and tobacco, agriculture and fisheries sectors, credit utilization decreased compared to the same period of the previous year.

15,5% of Loans Used in Tourism Sector Fell into Tracking

The highest increase in non-collectible loans, compared to the first quarter of the previous year, was observed in the tourism, construction and maritime sectors. In the fields of food, beverage and tobacco, agriculture, fisheries and financial institutions, the loans that followed were decreased. While 15,5 percent of the loans used in the tourism sector could not be collected and followed, this rate was 14,6 percent in the maritime sector and 10,1 percent in the construction sector.

Amount of Savings Deposits Increased by 7 Percent in Istanbul

Savings deposits, which were 2019 billion TL in December 614, exceeded 2020 billion TL in March 659. The ratio of total cash loans to savings deposits was 182,2 percent.

74,7% Increase in Gold Deposits Compared to the Previous Year

As of March 2020, total savings deposits increased by 25,7 percent compared to the same period of the previous year. The share of deposits in foreign currency in total was 56,3 percent. In total gold deposits, while 67,3 tons of gold reserves were available in the same period of the previous year, the value held in banks rose to 2020 tons as of the end of March 117,5.

Consumer Loans Increased 37,5 Percent Compared to the Previous Year

In the first quarter of 2020 in Istanbul, consumer loans increased by 37,5 percent compared to the same period of the previous year, while the increase in the amount of debt in personal credit cards was 4,5 percent. There was an increase of 7,7 percent in housing loans and 14,9 percent in vehicle loans.

Bulletin of Banking Regulation and Supervision Agency (BRSA) with the Banks Association of Turkey (TBB) was prepared based on the data. The Central Bank of the Republic of Turkey in the data according to data posted on the system purchase price grams of gold per end of March 2019 to 231 per 2020 to the end of March were discussed as £ 330.



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