Dollarization rate of loans drops below that of deposits. First time change driven by conversions to dollar deposits, rise in lira loans

The dollarization rate of loans dropped below that of deposits in the first quarter of 2018, according to data provided by the Association of Banks.

This is happening for the first time, said Marwan Barakat, Chief Economist and Head of Research at the Bank Audi group.

The dollarization rate of deposits remained at 68.3 percent in April while that of loans dropped further – although slightly – to 67.8 percent.


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