EVALUATION OF THE INCREASE IN PERSONAL CONSUMER LOANS AND CREDIT CARD USAGE AFTER THE COVID-19 PANDEMIC: THE CASE OF TURKEY

Pandemics on a global scale always bring along important economic crises. The basis of this is the loss of workforce and the adverse effect the supply chain undertakes. Consumer loans and credit cards are the first products that individuals tend to use in order to overcome the difficulties they face while meeting their financial needs, even after the loss of workforce. This study has been carried out to determine the level of tendency of individuals to loan products in the solution of severe financial problems created by the Covid-19 Pandemic. In order to achieve this, the data published by the Banking Regulation and Supervision Agency on a monthly basis, from the first quarter of 2017 until the end of the first quarter of 2022, have been used. At the end of the study, when the data obtained have been evaluated it is seen that there was a great trend towards related credit products from the first days of the Covid-19 Pandemic. It is expected that the data obtained in the study will contribute to the understanding of the importance of the banking system and a better understanding of the economic effects of the pandemic.