Deposits in banks decreased: A striking increase in foreign currency accounts

Turkish banking sector deposits fell by about 109.7 billion lira in the week to October 30, dropping to 34.1 trillion lira, according to regulator data. Over the same period, total loan volume rose to 28.2 trillion lira. Domestic residents' foreign-currency deposits increased, drawing attention even as overall deposits declined. The divergence matters because it signals households and companies shifting toward FX holdings while credit keeps expanding. Watch next week's deposit and loan data for whether the lira deposit outflow accelerates and how banks fund the continued credit growth.