The total loan debt of the private sector from abroad reached $155.2 billion in July, with a decrease of $2.6 billion compared to the end of 2022.
The developments in the credit debt of the private sector from abroad for the period of July 2023 were published by the Central Bank of the Republic of Turkiye (CBRT).
Accordingly, in July, the total loan debt of the private sector from abroad decreased by $2.6 billion compared to the end of 2022, decreasing to $155.2 billion. During this period, the long-term loan debt of the private sector from abroad decreased by $3.4 billion to $146.3 billion, while the short-term loan debt (excluding commercial loans) increased by $828 million to $9 billion.
While banks’ borrowings in the form of long-term loans decreased by $48 million in July compared to the end of 2022, their borrowings in the form of bond issues decreased by $1.1 billion to $12.7 billion. During this period, the borrowings of non-banking financial institutions in the form of loans increased by $88 million, while the bond stock decreased by $1.2 billion to $1.2 billion.
In the same period, while the borrowings of non-financial institutions in the form of loans decreased by $344 million, the bond stock decreased by $898 million and stood at $8.6 billion.
While the borrowings of banks in the form of short-term loans increased by $39 million compared to the end of July 2022, reaching $5.1 billion, the borrowings of non-financial institutions in the form of loans increased by $601 million, reaching $1.7 billion.
Principal repayment within one year is $43.4 billion
As of the end of July, the debt to private creditors, excluding bonds, increased by $1.4 billion compared to the end of last year, reaching $103.8 billion. During this period, debt to private creditors, excluding bonds for short-term loan debt, increased by $376 million to $7.9 billion.
58.7% of the long-term loan debt was in dollars, 36.5% in euros, 2% in Turkish lira and 2.8% in other foreign currencies. 39.2% of the short-term loan debt was in dollars, 36.8% in euros, 17.5% in Turkish lira and 6.5% in other foreign currencies.
On the other hand, 34.9% of the total long-term loan debt was held by financial institutions and 65.1% by non-financial institutions. 75.5% of the total short-term loan debt consisted of debts of financial institutions and 24.5% of non-financial institutions.
When the total loan debt of the private sector from abroad was analyzed according to the remaining maturity as of the end of July, it was calculated that the total principal repayments to be made within 1 year was at the level of $43.4 billion.
Source: Trthaber / Prepared by Irem Yildiz