While the interest rate applied by banks for TL deposits decreased by 26 basis points to 26% in the week of November 15,03 compared to the previous week, the dollar deposit interest rate decreased by 1 basis point to 0,55% and the Euro deposit interest rate remained unchanged at 0,19%.
The interest rate of TL-based commercial loans, on the other hand, decreased by 37 basis points compared to the previous week and became 18,88% in the same week. TL-based housing loan rates decreased by 14 basis points to 16,94%; vehicle loan rates increased by 21 basis points to 21,48% and consumer loan rates increased by 30 basis points to 23,57%.
While the interest rate of dollar-based commercial loans increased by 18 basis points to 3,47% in the same week, the interest rate of Euro-based commercial loans decreased by 35 basis points to 2,46%.
While the deposit spread applied to commercial loans was 3,85% for TL, it was 2,92% and 2,27% for USD and Euro, respectively. The deposit spread in TL commercial loans continues to hover above the spread applied to dollar and Euro loans.
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