Turkish banks' loan growth was 32.5% y/y in the week to January 10 , to TRY 1,067bn ( EUR 352bn ), according to data of the banking watchdog BDDK. The rate of loan growth was a slightly higher 32.9% y/y in the previous week ending January 3 . As of January 10 , banks' loans grew 0.23% w/w and increased 0.25% since the end of 2013. Consumer loans increased 27.5% y/y and 0.2% w/w to TRY 249.2bn while housing loans recorded a growth rate of 28.2% y/y and 0.3% w/w to TRY 110.9bn. The rate of growth in auto loans segment was 6.7% y/y as auto loans reached TRY 8.57bn as of January 10 . Banks' deposits rose by 22.5% y/y TRY 1,006bn as of January 10 , also rising by TRY 2bn w/w, BDDK data also showed. The government has announced several new measures on credit cards and loans to curb excessive credit cards use and loan growth. Maturities of consumer loans (excluding mortgages) and car loans were limited to 36 months and 48 months, respectively.
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