CarthagoTurkish banking data| Metric | 10 JUL | 17 JUL | Δ |
|---|---|---|---|
| Deposit growth, 52w | 30.2% | 31.0% | +0.8pp |
| 4w momentum, ann.annualized from four weekly prints — volatile by construction | 16.1% | 36.1% | +20.0pp |
| TL deposits, 52w | 30.0% | 31.0% | +1.0pp |
| FX sharethe dollarization tell | 38.07% | 38.08% | +0.01pp |
Repricing cliff — 90.3% of deposits mature within three months (demand 36.3% + ≤3m 54.0%). Funding cost tracks the policy rate with almost no lag.share(demand + ≤3m) > 85%
Funding gap — loans 35.3% vs deposits 31.0% y/y: the loan book grows 4.3pp faster than the base that funds it.loans_52w − deposits_52w > 3pp
Real base shrinking — deposits 31.0% against 31.9% CPI: the base loses 1.0% of its purchasing power a year while the loan book grows.deposits_52w − cpi_yoy < 0
| ✓ | Dollarization — FX share −0.03pp over 52w | Δ52w(fx_share) > +1pp |
| ✓ | Funding stretch — TL+FC loan/deposit 92.6%, below the line | published TL+FC loan/deposit > 100% |
Deposits rose 31.0% y/y versus 35.3% loan growth, widening the funding gap, yet demand deposits— the cheapest source— climbed to 35.8% of the base (+0.83pp), keeping the published TL+FC loan‑to‑deposit ratio at a comfortable 92.6% despite a flat 38.1% FX share.
| Demand sharecheap, but flighty | 35.28% | 35.80% | +0.53pp |
| Total depositsthe level, ₺ trn | ₺30.05 | ₺30.57 | +0.52 trn |
Demand 36.3% + ≤1m 17.4% + 1–3m 36.5% of the book. The sector lends long and funds itself inside a quarter — a policy move reaches the deposit cost almost at once. /liquidity
Loans grow 35.3% against deposits’ 31.0% — the loan book is outrunning the base, and the difference is bought in the market. /credit
31.0% nominal against 31.9% CPI: the deposit base is shrinking in real terms even as it swells in lira. /economy
−0.03pp over 52 weeks — dollarization is flat, not falling. The TL leg (31.0%) is carrying the growth. /liquidity
| 1 | Participation | 39.9% |
| 2 | Foreign | 35.0% |
| 3 | Domestic | 28.7% |
| 4 | State | 28.6% |
| 1 | Domestic | 94.4% |
| 2 | State | 92.9% |
| 3 | Foreign | 90.2% |
| 4 | Participation | 79.1% |
| SEP 10 | TCMB MPC — the rate 90.3% of the book reprices to |
| JUL 25 – AUG 8 | BRSA Q2 filings — deposit cost per bank |
| AUG 13 | TCMB Inflation Report — the real-return backdrop |
Chart data: 154 rows, Period from 2023-08-11 to 2026-07-17. State: 5328779 at the start, 12916055 at the end, ranging 5328779 to 12916055. Domestic: 3616460 at the start, 8350990 at the end, ranging 3561122 to 8395743. Foreign: 2614155 at the start, 6118428 at the end, ranging 2614155 to 6181286. Participation: 1289808 at the start, 3182006 at the end, ranging 1289808 to 3193321. The full data is available from this chart's CSV download.
Chart data: 97 rows, Period from 2024-08-09 to 2026-07-17. Sector: 32.01 at the start, 30.99 at the end, ranging 25.21 to 46.08. State: 33.82 at the start, 28.61 at the end, ranging 24.35 to 45.63. Domestic: 33.14 at the start, 28.74 at the end, ranging 26.91 to 44.88. Foreign: 30.89 at the start, 34.98 at the end, ranging 25.14 to 43.04. Participation: 23.67 at the start, 39.94 at the end, ranging 15.69 to 65.46. Dev & Inv: no values. The full data is available from this chart's CSV download.
Chart data: 97 rows, Period from 2024-08-09 to 2026-07-17. Nominal (y/y): 32.01 at the start, 30.99 at the end, ranging 25.21 to 46.08. Real (CPI-deflated): -13.13 at the start, -0.95 at the end, ranging -13.13 to 11.81. The full data is available from this chart's CSV download.
Chart data: 97 rows, Period from 2024-08-09 to 2026-07-17. 4w ann.: 25.11 at the start, 36.07 at the end, ranging -15.27 to 131.4. The full data is available from this chart's CSV download.
Chart data: 154 rows, Period from 2023-08-11 to 2026-07-17. FX share: 41.91 at the start, 38.08 at the end, ranging 34.64 to 43.76. The full data is available from this chart's CSV download.
| Latest | 38.1% | |
| Δ 52w | −0.0% | |
| High | 43.8% | 2024-03 |
| Low | 34.6% | 2024-12 |
Chart data: 154 rows, Period from 2023-08-11 to 2026-07-17. Demand: 36 at the start, 35.8 at the end, ranging 32.4 to 39.84. The full data is available from this chart's CSV download.
Chart data: 37 rows, Period from 2023-06 to 2026-06. Demand: 4222983 at the start, 10937827 at the end, ranging 4222983 to 11157598. ≤1m: 1670569 at the start, 5252593 at the end, ranging 1663101 to 5291717. 1–3m: 3182934 at the start, 10990948 at the end, ranging 3051304 to 10990948. 3–6m: 1752021 at the start, 1840918 at the end, ranging 1457290 to 2689322. 6–12m: 349387 at the start, 479323 at the end, ranging 349387 to 1594692. >12m: 472624 at the start, 600469 at the end, ranging 404971 to 718820. The full data follows as a table.
| Period | Demand | ≤1m | 1–3m | 3–6m | 6–12m | >12m |
|---|---|---|---|---|---|---|
| 2023-06 | 4222983 | 1670569 | 3182934 | 1752021 | 349387 | 472624 |
| 2023-07 | 4548763 | 1739610 | 3051304 | 2212302 | 391623 | 511555 |
| 2023-08 | 4672881 | 1665803 | 3192711 | 2497342 | 399218 | 502707 |
| 2023-09 | 4608085 | 1683209 | 3580614 | 2460306 | 454218 | 519110 |
| 2023-10 | 4740433 | 1822346 | 3829099 | 2329966 | 563591 | 561796 |
| 2023-11 | 4756437 | 1752677 | 4102369 | 2091194 | 812909 | 614450 |
| 2023-12 | 4937406 | 2028336 | 4139410 | 2120557 | 972392 | 652948 |
| 2024-01 | 5067800 | 1934654 | 4073180 | 1928219 | 1265424 | 677343 |
| 2024-02 | 5310987 | 1711636 | 4080299 | 1850019 | 1483370 | 702556 |
| 2024-03 | 5693482 | 1663101 | 4057844 | 1793820 | 1543751 | 718820 |
| 2024-04 | 5565018 | 1714894 | 4279010 | 1798324 | 1579716 | 704468 |
| 2024-05 | 5456520 | 1754937 | 4412173 | 1994290 | 1594692 | 707216 |
| 2024-06 | 5665909 | 1948519 | 4330033 | 2312778 | 1513066 | 694263 |
| 2024-07 | 5687285 | 2061088 | 4599957 | 2686590 | 1240142 | 665662 |
| 2024-08 | 6039706 | 2065802 | 4984767 | 2689322 | 1021417 | 656794 |
| 2024-09 | 6296959 | 2248115 | 5201946 | 2530098 | 916694 | 638685 |
| 2024-10 | 6230257 | 2270916 | 5896538 | 2352518 | 760980 | 591679 |
| 2024-11 | 6145183 | 2278059 | 6340834 | 2309600 | 553524 | 546412 |
| 2024-12 | 6395008 | 2620083 | 6460818 | 2413546 | 493723 | 519124 |
| 2025-01 | 6405267 | 2475283 | 6690456 | 2491835 | 486367 | 496495 |
| 2025-02 | 6778888 | 2602286 | 7003739 | 2444636 | 508924 | 460584 |
| 2025-03 | 7353324 | 3040536 | 7353991 | 2396790 | 541970 | 457403 |
| 2025-04 | 7633185 | 3060815 | 7730238 | 2106897 | 558676 | 435119 |
| 2025-05 | 7683819 | 3172527 | 8386606 | 1899690 | 544403 | 411468 |
| 2025-06 | 8148887 | 3294773 | 8723801 | 1798163 | 541880 | 404971 |
| 2025-07 | 8111460 | 3422939 | 9196373 | 1809347 | 542511 | 405239 |
| 2025-08 | 8317432 | 3709167 | 9199694 | 1830911 | 529506 | 412748 |
| 2025-09 | 8942791 | 3986462 | 9190499 | 1769867 | 549419 | 407143 |
| 2025-10 | 9270316 | 4108302 | 9458238 | 1552337 | 565144 | 409567 |
| 2025-11 | 9485381 | 4554096 | 9572839 | 1457290 | 568162 | 429218 |
| 2025-12 | 10193215 | 4993038 | 9466967 | 1550262 | 546064 | 473645 |
| 2026-01 | 10857692 | 4676125 | 9528065 | 1702497 | 561886 | 499984 |
| 2026-02 | 11157598 | 4814593 | 9362665 | 1866460 | 548086 | 542785 |
| 2026-03 | 10800476 | 5291717 | 9392751 | 1696909 | 525023 | 551434 |
| 2026-04 | 11031409 | 5154760 | 10320988 | 1582375 | 518890 | 551937 |
| 2026-05 | 11155005 | 5253011 | 10665294 | 1517796 | 506459 | 546041 |
| 2026-06 | 10937827 | 5252593 | 10990948 | 1840918 | 479323 | 600469 |
Chart data: 37 rows, Period from 2023-06 to 2026-06. Demand: 4222983 at the start, 10937827 at the end, ranging 4222983 to 11157598. ≤1m: 1670569 at the start, 5252593 at the end, ranging 1663101 to 5291717. 1–3m: 3182934 at the start, 10990948 at the end, ranging 3051304 to 10990948. 3–6m: 1752021 at the start, 1840918 at the end, ranging 1457290 to 2689322. 6–12m: 349387 at the start, 479323 at the end, ranging 349387 to 1594692. >12m: 472624 at the start, 600469 at the end, ranging 404971 to 718820. The full data follows as a table.
| Period | Demand | ≤1m | 1–3m | 3–6m | 6–12m | >12m |
|---|---|---|---|---|---|---|
| 2023-06 | 4222983 | 1670569 | 3182934 | 1752021 | 349387 | 472624 |
| 2023-07 | 4548763 | 1739610 | 3051304 | 2212302 | 391623 | 511555 |
| 2023-08 | 4672881 | 1665803 | 3192711 | 2497342 | 399218 | 502707 |
| 2023-09 | 4608085 | 1683209 | 3580614 | 2460306 | 454218 | 519110 |
| 2023-10 | 4740433 | 1822346 | 3829099 | 2329966 | 563591 | 561796 |
| 2023-11 | 4756437 | 1752677 | 4102369 | 2091194 | 812909 | 614450 |
| 2023-12 | 4937406 | 2028336 | 4139410 | 2120557 | 972392 | 652948 |
| 2024-01 | 5067800 | 1934654 | 4073180 | 1928219 | 1265424 | 677343 |
| 2024-02 | 5310987 | 1711636 | 4080299 | 1850019 | 1483370 | 702556 |
| 2024-03 | 5693482 | 1663101 | 4057844 | 1793820 | 1543751 | 718820 |
| 2024-04 | 5565018 | 1714894 | 4279010 | 1798324 | 1579716 | 704468 |
| 2024-05 | 5456520 | 1754937 | 4412173 | 1994290 | 1594692 | 707216 |
| 2024-06 | 5665909 | 1948519 | 4330033 | 2312778 | 1513066 | 694263 |
| 2024-07 | 5687285 | 2061088 | 4599957 | 2686590 | 1240142 | 665662 |
| 2024-08 | 6039706 | 2065802 | 4984767 | 2689322 | 1021417 | 656794 |
| 2024-09 | 6296959 | 2248115 | 5201946 | 2530098 | 916694 | 638685 |
| 2024-10 | 6230257 | 2270916 | 5896538 | 2352518 | 760980 | 591679 |
| 2024-11 | 6145183 | 2278059 | 6340834 | 2309600 | 553524 | 546412 |
| 2024-12 | 6395008 | 2620083 | 6460818 | 2413546 | 493723 | 519124 |
| 2025-01 | 6405267 | 2475283 | 6690456 | 2491835 | 486367 | 496495 |
| 2025-02 | 6778888 | 2602286 | 7003739 | 2444636 | 508924 | 460584 |
| 2025-03 | 7353324 | 3040536 | 7353991 | 2396790 | 541970 | 457403 |
| 2025-04 | 7633185 | 3060815 | 7730238 | 2106897 | 558676 | 435119 |
| 2025-05 | 7683819 | 3172527 | 8386606 | 1899690 | 544403 | 411468 |
| 2025-06 | 8148887 | 3294773 | 8723801 | 1798163 | 541880 | 404971 |
| 2025-07 | 8111460 | 3422939 | 9196373 | 1809347 | 542511 | 405239 |
| 2025-08 | 8317432 | 3709167 | 9199694 | 1830911 | 529506 | 412748 |
| 2025-09 | 8942791 | 3986462 | 9190499 | 1769867 | 549419 | 407143 |
| 2025-10 | 9270316 | 4108302 | 9458238 | 1552337 | 565144 | 409567 |
| 2025-11 | 9485381 | 4554096 | 9572839 | 1457290 | 568162 | 429218 |
| 2025-12 | 10193215 | 4993038 | 9466967 | 1550262 | 546064 | 473645 |
| 2026-01 | 10857692 | 4676125 | 9528065 | 1702497 | 561886 | 499984 |
| 2026-02 | 11157598 | 4814593 | 9362665 | 1866460 | 548086 | 542785 |
| 2026-03 | 10800476 | 5291717 | 9392751 | 1696909 | 525023 | 551434 |
| 2026-04 | 11031409 | 5154760 | 10320988 | 1582375 | 518890 | 551937 |
| 2026-05 | 11155005 | 5253011 | 10665294 | 1517796 | 506459 | 546041 |
| 2026-06 | 10937827 | 5252593 | 10990948 | 1840918 | 479323 | 600469 |
Chart data: 36 rows, Period from 2023-06 to 2026-06. Sector: 88.16 at the start, 92.64 at the end, ranging 80.71 to 92.64. State: 97.53 at the start, 92.94 at the end, ranging 81.99 to 97.53. Domestic: 80.9 at the start, 94.39 at the end, ranging 78.28 to 94.39. Foreign: 80.41 at the start, 90.15 at the end, ranging 78.05 to 90.15. Participation: 74.51 at the start, 79.06 at the end, ranging 68.01 to 79.06. Dev & Inv: 0. The full data follows as a table.
| Period | Sector | State | Domestic | Foreign | Participation | Dev & Inv |
|---|---|---|---|---|---|---|
| 2023-06 | 88.155059 | 97.527826 | 80.898384 | 80.409077 | 74.512111 | 0 |
| 2023-07 | 85.034096 | 92.437006 | 78.596441 | 79.23534 | 71.276838 | 0 |
| 2023-08 | 82.948153 | 87.770434 | 79.415354 | 78.054519 | 68.655006 | 0 |
| 2023-09 | 82.559163 | 87.516453 | 78.400214 | 78.146652 | 69.931931 | 0 |
| 2023-10 | 81.429645 | 85.120788 | 78.278652 | 78.078716 | 69.26517 | 0 |
| 2023-11 | 82.214241 | 84.52438 | 81.154281 | 79.08044 | 69.784188 | 0 |
| 2023-12 | 80.706886 | 81.991897 | 80.525575 | 78.51536 | 68.005669 | 0 |
| 2024-01 | 81.968351 | 83.312966 | 81.856902 | 79.62824 | 70.488786 | 0 |
| 2024-02 | 83.77192 | 84.574147 | 84.467669 | 81.546774 | 70.223589 | 0 |
| 2024-03 | 85.684714 | 87.385091 | 84.53893 | 83.938822 | 72.823925 | 0 |
| 2024-04 | 86.174996 | 87.095457 | 85.664662 | 85.060477 | 72.756157 | 0 |
| 2024-05 | 87.061982 | 87.65777 | 87.821137 | 85.121968 | 73.541491 | 0 |
| 2024-06 | 86.217346 | 85.231106 | 89.12923 | 84.728558 | 73.586487 | 0 |
| 2024-07 | 85.626081 | 84.345179 | 88.482693 | 84.747894 | 74.461685 | 0 |
| 2024-08 | 86.049323 | 84.836069 | 88.224315 | 85.809786 | 75.420255 | 0 |
| 2024-09 | 86.421834 | 85.170055 | 88.611611 | 86.22167 | 74.591991 | 0 |
| 2024-10 | 85.903639 | 85.19404 | 87.856979 | 84.987045 | 74.921739 | 0 |
| 2024-11 | 87.390408 | 86.163449 | 88.590573 | 88.281299 | 77.122706 | 0 |
| 2024-12 | 87.224597 | 85.203142 | 89.920651 | 87.969132 | 75.219753 | 0 |
| 2025-01 | 88.387521 | 86.88609 | 90.633671 | 88.634416 | 76.739213 | 0 |
| 2025-03 | 85.868767 | 86.729812 | 86.504206 | 83.65637 | 78.252791 | 0 |
| 2025-04 | 88.096248 | 87.673128 | 88.30959 | 88.632344 | 77.628798 | 0 |
| 2025-05 | 88.488291 | 87.921851 | 88.728146 | 89.260052 | 78.222484 | 0 |
| 2025-06 | 88.146211 | 87.153177 | 88.833395 | 89.214467 | 78.076157 | 0 |
| 2025-07 | 88.277911 | 86.850555 | 89.523095 | 89.553724 | 78.592569 | 0 |
| 2025-08 | 88.919904 | 87.716202 | 89.962059 | 89.990292 | 78.156967 | 0 |
| 2025-09 | 88.502732 | 86.950622 | 89.926784 | 89.815537 | 77.40215 | 0 |
| 2025-10 | 88.207173 | 86.58489 | 90.112496 | 89.112235 | 75.913539 | 0 |
| 2025-11 | 88.189625 | 85.439641 | 91.288857 | 89.934715 | 76.335285 | 0 |
| 2025-12 | 88.120059 | 85.599299 | 91.04894 | 89.627549 | 75.384922 | 0 |
| 2026-01 | 88.221989 | 86.555389 | 90.560125 | 88.696603 | 73.637619 | 0 |
| 2026-02 | 88.899436 | 87.544599 | 91.213915 | 88.822838 | 74.886648 | 0 |
| 2026-03 | 91.573444 | 91.930715 | 92.828344 | 89.533418 | 74.550332 | 0 |
| 2026-04 | 91.120876 | 90.700812 | 93.525759 | 89.246872 | 76.138739 | 0 |
| 2026-05 | 91.385409 | 91.358726 | 92.782935 | 89.880282 | 77.771122 | 0 |
| 2026-06 | 92.636522 | 92.941331 | 94.390663 | 90.152919 | 79.061434 | 0 |
| Domestic | 94% | +6% |
| Sector | 93% | +4% |
| State | 93% | +6% |
| Foreign | 90% | +1% |
| Participation | 79% | +1% |
| Dev & Inv | 0% | +0% |