Retail loans reached 471 TRY bil in 2017 in Turkey, according to the National Central Bank. This is 16.6 % more than in the previous year.
Historically, retail loans in Turkey reached an all time high of 471 TRY bil in 2017 and an all time low of 0.096 TRY bil in 1995. When compared to Turkey's main peers, retail loans in Bulgaria amounted to 19.6 BGN bil and 101 EUR bil in Greece in 2017.
Turkey has been ranked 23rd within the group of 40 countries we follow in terms of retail loans, 25 places above the position seen 10 years ago.
A retail loan is a loan provided by a bank to a physical person.