Banks' Interest Income Exceeded 1 Trillion Lira.
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As citizens' incomes are eroded by inflation, their borrowing increases, while banks' interest earnings rise rapidly.
While citizens struggled to survive by borrowing during a period when incomes were eroded by inflation and the cost of living worsened, banks' interest income continued to grow.
The interest burden that citizens carry to banks through consumer loans and credit cards has increased nominally by 92.4 percent in two years when comparing the first eight months of the year. The interest paid by citizens in these two categories increased from 529.8 billion TL in January-August 2024 to 1 trillion 19.4 billion TL in the same period of 2026. In the same period, the net interest income of banks increased from 574.8 billion TL to 1…
While high inflation and economic hardship are pushing citizens into debt, the total net interest income earned by banks from consumer loans and credit cards increased by 74.1 percent to 1.69 trillion lira in the same period.
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