Bloomberg News

Turkey Loans Rise 1.8% in Biggest Weekly Increase This Year

October 10, 2011

(Updates with details from first paragraph.)

Oct. 10 (Bloomberg) -- Turkish banking industry loans increased 1.8 percent to 671.6 billion liras ($366 billion) in the week ending Sept. 30, in the biggest weekly expansion this year.

Weekly loan growth compared with an increase of 0.7 percent on Sept. 23, the regulator in Ankara said on its website today. Loans climbed the most since Dec. 31 when they rose 2.3 percent weekly.

Annual loan growth accelerated to 39 percent on Sept. 30 from 38 percent in the previous week ending Sept. 23, according to the data provided by the regulator.

--Editor: Mark Bentley

To contact the reporter on this story: Aydan Eksin in Istanbul at aeksin@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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