Continued Decline in FX Protected Deposits

During the week of March 28th, there was a net outflow of 20.5 billion Turkish lira from FX protected deposit accounts. The downward trend in FX protected deposits persisted. According to the Banking Regulation and Supervision Agency (BRSA) data, FX protected deposit accounts decreased from 779 billion lira to 758.5 billion lira in the week ending March 28th. This marked a weekly decline of 2.6% in FX protected deposits. Meanwhile, loans increased from 17 trillion 491 billion lira to 17 trillion 564 billion lira during the same week. Total deposits rose from 20 trillion 979 billion lira to 21 trillion 123 billion lira.