STRSCreditMarket data 2026-10-20
Credit Stress#
Wholesale and retail trade has the largest 1-year rise in its NPL ratio: +1.45 pp to 3.71% in Aug 2026. In Sep 2026, 3.3% of the value of presented cheques bounced. Issuers missed 30 bond payments in the last 60 days.
Largest 1-year rise in NPL ratio
+1.45 pp
Wholesale and retail trade · now 3.71%
Highest NPL ratio
3.71%
Wholesale and retail trade · Aug 2026
Bounced cheques, share of value
3.3%
of presented value, Sep 2026
Protested bills
28,967
Aug 2026 · +11.4% in 1 year
Bond payment failures, 60 days
30
Missed coupon or principal payments, from KAP
Debt service ratio
25.8%
Türkiye; EM average 13.8%, Jan 2026
Sector NPL Heatmap#
How much of the bank loans of each economic sector is not paid, month by month.
Notes
The data covers all banks in Türkiye. Credit cards and personal loans are separate BDDK rows. Their NPL amount is a further ₺396.7bn in Aug 2026. The weekly table below has its own date.
Sector NPL Ratio (last 30 months)#
- Shows
- The NPL ratio of each sector in each of the last 30 months.
- Each cell
- One sector in one month.
- Colour
- Pale is a low ratio. Dark violet is high. Red marks the highest 3% of the values on the board.
- Order
- The sector with the largest increase over 12 months is at the top.
- Limit
- A ratio does not show the amount of money at risk. Use the NPL amount in the table below.
- Terms
- NPL ratio
Sector Credit & NPL Balances (Aug 2026)#
- Shows
- Loans, non-performing loans and their changes for each economic sector.
- Each row
- One sector. Manufacturing and trade are the sums of their sub-industries.
- Colour
- Red is worse for a lender. Violet is better.
- Click
- Click a value to see its calculation.
- Limit
- Amounts are nominal. Growth includes inflation.
| Sector | Cash loans, ₺bn | NPL amount, ₺bn | NPL ratio, % | Change in 3 months, pp | Change in 1 year, pp | NPL growth in 1 year, % | Loan growth in 1 year, % | Share of loans, % |
|---|---|---|---|---|---|---|---|---|
| Wholesale and retail trade | 3,423.0 | 127.0 | 3.71% | +0.19 pp | +1.45 pp | +132.1% | +41.3% | 16.8% |
| Agriculture, hunting and forestry | 1,511.2 | 27.8 | 1.84% | +0.19 pp | +0.98 pp | +195.5% | +38.1% | 7.4% |
| Mining and quarrying | 316.2 | 6.3 | 2.00% | +0.31 pp | +0.73 pp | +92.4% | +22.3% | 1.5% |
| Manufacturing | 6,492.8 | 146.2 | 2.25% | +0.18 pp | +0.72 pp | +92.8% | +31.0% | 31.8% |
| Health and social work | 209.9 | 4.5 | 2.16% | +0.08 pp | +0.49 pp | +62.3% | +25.3% | 1.0% |
| Transport, storage and communication | 1,298.2 | 15.6 | 1.20% | +0.06 pp | +0.27 pp | +59.3% | +23.4% | 6.4% |
| Other (BDDK category) | 173.9 | 7.7 | 4.41% | -0.16 pp | +0.26 pp | +38.6% | +30.4% | 0.9% |
| Real estate and business activities | 1,465.1 | 17.2 | 1.17% | +0.04 pp | +0.18 pp | +46.5% | +24.4% | 7.2% |
| Financial intermediation | 666.3 | 1.7 | 0.26% | +0.03 pp | +0.11 pp | +139.2% | +42.9% | 3.3% |
| Hotels and restaurants (tourism) | 861.1 | 9.7 | 1.13% | +0.13 pp | +0.10 pp | +54.7% | +41.3% | 4.2% |
| Public administration | 488.6 | 0.1 | 0.02% | 0.00 pp | +0.01 pp | +137.3% | +63.0% | 2.4% |
| Other services | 407.6 | 7.8 | 1.92% | +0.06 pp | -0.02 pp | +44.8% | +46.0% | 2.0% |
| Construction | 1,959.6 | 66.2 | 3.38% | -0.04 pp | -0.40 pp | +33.0% | +48.6% | 9.6% |
| Electricity, gas and water | 1,071.9 | 20.4 | 1.91% | -0.19 pp | -0.49 pp | +7.0% | +34.4% | 5.2% |
| Education | 71.9 | 2.0 | 2.76% | -0.25 pp | -1.04 pp | +23.4% | +70.1% | 0.4% |
Manufacturing and Trade Sub-industries (Aug 2026)#
- Shows
- The sub-industries of manufacturing and trade, from the highest NPL ratio to the lowest.
- Each row
- One sub-industry, as BDDK publishes it.
- Click
- Click a value to see its calculation.
| Sub-industry | Parent sector | NPL ratio, % | Cash loans, ₺bn | NPL amount, ₺bn |
|---|---|---|---|---|
| Coke, refined petroleum and nuclear fuel | Manufacturing | 5.19% | 82.4 | 4.3 |
| Manufacturing n.e.c. | Manufacturing | 4.88% | 258.0 | 12.6 |
| Leather and leather products | Manufacturing | 3.98% | 35.5 | 1.4 |
| Motor vehicle and fuel retail | Wholesale and retail trade | 3.94% | 396.4 | 15.6 |
| Wholesale trade and commission | Wholesale and retail trade | 3.92% | 2,033.2 | 79.8 |
| Textiles and textile products | Manufacturing | 3.66% | 844.6 | 30.9 |
| Retail trade and personal goods | Wholesale and retail trade | 3.19% | 993.3 | 31.7 |
| Rubber and plastics | Manufacturing | 2.68% | 295.1 | 7.9 |
| Wood and wood products | Manufacturing | 2.46% | 124.6 | 3.1 |
| Basic and fabricated metals | Manufacturing | 2.32% | 1,077.2 | 25.0 |
| Machinery and equipment | Manufacturing | 2.31% | 537.2 | 12.4 |
| Food, beverages and tobacco | Manufacturing | 2.08% | 828.7 | 17.3 |
| Electrical and optical equipment | Manufacturing | 1.69% | 420.1 | 7.1 |
| Other non-metallic minerals | Manufacturing | 1.61% | 472.9 | 7.6 |
| Paper and paper products | Manufacturing | 1.37% | 238.6 | 3.3 |
| Chemicals | Manufacturing | 1.31% | 529.1 | 6.9 |
| Motor vehicles and other transport equipment | Manufacturing | 0.90% | 667.9 | 6.0 |
| Ships and boats | Manufacturing | 0.65% | 81.0 | 0.5 |
What do the Other categories mean?
Other services is the BDDK row Diğer Hizmetler. It includes waste and sewage services, organisations, culture, entertainment, sport and other personal services. Other (BDDK category) is the separate BDDK row Diğer. BDDK does not publish what it contains. These rows are source categories. They are not failed issuer matches. A bond issuer without a sector match shows as Unclassified issuer. It does not get the NPL ratio of the Other row.
BDDK monthly bulletin · Sektörel Kredi Dağılımı · all banks · latest Aug 2026
Credit Cards & Loan Quality#
BDDK publishes the quality of card and consumer loans every week.
Notes
The table shows the latest week. A dash means that the week has no matching loan and NPL pair.
NPL Ratios by Loan Product#
- Shows
- The weekly NPL ratio of five household and card products.
- Each line
- One loan product.
- Read it as
- A rising line means that a larger part of that product is not paid.
- Limit
- The products overlap with the totals in the table. Do not add them.
- Terms
- NPL ratio
Loan Quality (week to 09 Oct 2026)#
- Shows
- Performing loans, non-performing loans and their 1-year changes by product.
- Each row
- One product. The last row is the total of all loans.
- Colour
- Red is worse for a lender. Violet is better.
- Click
- Click a value to see its calculation.
- Limit
- Corporate cards are also part of commercial loans. Do not add the rows.
| Product | Performing loans, ₺bn | NPL amount, ₺bn | NPL ratio, % | Change in 1 year, pp | NPL growth in 1 year, % | Loan growth in 1 year, % |
|---|---|---|---|---|---|---|
| Personal credit cards | 3,471.8 | 204.2 | 5.55% | +1.49 pp | +89.8% | +36.8% |
| Corporate credit cards | 1,119.9 | 37.4 | 3.23% | +0.98 pp | +114.9% | +48.1% |
| Personal-needs loans | 2,625.4 | 179.2 | 6.39% | +1.46 pp | +79.7% | +36.5% |
| Housing loans | 845.5 | 1.8 | 0.21% | +0.05 pp | +79.2% | +34.9% |
| Vehicle loans | 41.9 | 0.6 | 1.35% | +0.74 pp | +89.5% | −15.9% |
| Commercial & other loans | 21,652.3 | 543.0 | 2.45% | +0.64 pp | +83.8% | +34.8% |
| Banking system total | 28,636.8 | 928.8 | 3.14% | +0.82 pp | +84.3% | +35.1% |
BDDK weekly bulletin · all banks · latest week to 09 Oct 2026
Payment Stress Pulse#
Bounced cheques and protested bills show payment stress before a company misses a bond payment.
Notes
The data is monthly and not seasonally adjusted. Amounts are nominal. A share compares values of the same month, so inflation does not change it.
Bounced Cheques (share of presented)#
- Shows
- The share of cheques that banks did not pay, each month.
- Each line
- Violet is the share by count. Red is the share by value.
- Read it as
- A rising line means that more payers did not have the money on the due date.
- Limit
- The data is not seasonally adjusted. Compare a month with the same month of the year before.
- Terms
- Bounced, count · Bounced, value
Protested Bills & Paid-After-Protest Share#
- Shows
- The number of protested bills each month, and the share that debtors paid.
- Bars
- The number of protested bills, on the left axis.
- Line
- The paid-after-protest share, on the right axis.
- Read it as
- More bars and a lower line show more trade-credit stress.
- Terms
- Protested bills · Paid after protest
Commercial Bills Sent for Collection#
- Shows
- The value of promissory notes that banks received for collection each month.
- Limit
- The amount is nominal. Inflation increases it when activity does not change.
- Terms
- Bills for collection
Net Company Formation (Joint Stock, Limited, Cooperative)#
- Shows
- New companies minus closed companies, each month.
- Colour
- Violet bars are months with more openings. Red bars are months with more closures.
- Limit
- Company closures follow legal steps. A closure can come months after the business stopped.
- Terms
- Net formation
CBRT EVDS (bie_btocek, bie_tsenetler, bie_ackap2) · TBB Risk Center protested bills (riskmerkezi_official.py) · latest Sep 2026
Corporate Leverage & Debt Service#
How much income goes to debt payments, and if credit grows faster than the economy.
Notes
The BIS data is quarterly. The company debt data is in nominal lira. The central bank does not split it by currency.
BIS Debt Service Ratio: Türkiye vs EM Peers#
- Shows
- The debt service ratio of Türkiye and five other emerging markets.
- Each line
- One country. The thick red line is Türkiye.
- Read it as
- A higher line means that more income goes to debt payments.
- Terms
- Debt service ratio
BIS Credit-to-GDP Gap: Türkiye vs EM Peers#
- Shows
- The credit-to-GDP gap of Türkiye and five other emerging markets.
- Each line
- One country. The thick red line is Türkiye.
- Read it as
- Above zero, credit grew faster than its trend. Below zero, credit grew more slowly.
- Terms
- Credit-to-GDP gap
NFC Debt Composition (Stock)#
- Shows
- The debt of non-financial companies at each quarter end, by type.
- Each band
- One type of debt. The top of the stack is the total.
- Limit
- Amounts are nominal. Inflation increases the total.
- Terms
- Debt stock
NFC Net New Financing (Flow, Quarterly)#
- Shows
- New borrowing minus repayments in each quarter, by type of debt.
- Each bar
- One type of debt in one quarter. Bars below zero are net repayments.
- Terms
- Net new financing
CBRT EVDS (bie_bisborcoran, bie_biskredigsyih, bie_finhestnks71011, bie_finhestnks61011)
External Rollover#
Foreign debt that companies and banks must pay or refinance within one year.
Short-Term External Debt: Original vs Remaining Maturity#
- Shows
- Foreign debt due within one year, for companies and banks.
- Solid lines
- Debt that started as short-term debt.
- Dotted lines
- All debt that is now due within one year.
- Read it as
- The distance between the solid and dotted line is long-term debt that is now due soon.
- Terms
- Short-term external debt
CBRT EVDS (bie_kisavadeborc, bie_kalvadbg)
Bond Market Link#
Missed bond payments, next to the bank NPL ratio of the sector of the borrower.
Notes
The sector of a bond borrower is an estimate from words in its name. The full evidence for each bond is on Payment Failures.
Bond Payment Failures by Month#
- Shows
- The number of missed coupon or principal payments on bonds, each month.
- Limit
- The count follows due dates. A late disclosure can add to a past month.
- Terms
- Bond failures
Bond Failures by Borrower Sector#
- Shows
- Missed bond payments by sector, next to the bank NPL ratio of that sector.
- Limit
- The sector of a bond borrower is an estimate from its name. Use it only as context.
| Sector | Bond failures, count | NPL ratio, % |
|---|---|---|
| Unclassified issuer | 96 | — |
| Manufacturing | 55 | 2.25% |
| Electricity, gas and water | 12 | 1.91% |
| Financial intermediation | 8 | 0.26% |
KAP bond payment-failure tracker (payment-failures.html) · BDDK sector NPL (this page, Section 1)