The total loan debt provided by the private sector from abroad became $161.2 billion in November 2022, a decrease of $7.2 billion compared to the end of 2021.
The Central Bank of the Republic of Turkiye (CBRT) published the developments in the loan debt of the private sector from abroad for the period of November 2022.
Accordingly, the total loan debt provided by the private sector from abroad in November decreased by $7.2 billion compared to the end of 2021 and decreased to $161.2 billion. In this period, the private sector’s long-term loan debt from abroad decreased by $8.3 billion to $152.6 billion, while short-term loan debt (excluding commercial loans) increased by $1.1 billion to $8.5 billion.
Banks’ borrowings in the form of long-term loans decreased by $5.0 billion in November compared to the end of 2021, while borrowings from bond issues decreased by $5.1 billion to $14.9 billion.
In the same period, non-bank financial institutions’ borrowings in the form of loans increased by $55 million, while bond stocks increased by $44 million to $1.9 billion. During this period, non-financial corporations’ borrowings in the form of loans increased by $2.2 billion, while the bond stock increased by $18 million to $10.1 billion.
Banks’ borrowings in the form of short-term loans increased by $460 million to $5.2 billion in November, while non-financial corporations’ borrowings in the form of loans increased by $687 million to $1.6 billion.
Principal repayment in one year is $40.9 billion
When the distribution of long-term loan debt by creditor is analyzed, debts to private creditors excluding bonds decreased by $1.5 billion in November compared to the end of 2021, to $105.5 billion. In the same period, short-term debt to private creditors, excluding bonds, increased by $1 billion to $8.1 billion.
63.7% of the long-term loan debt was in dollars, 32.7% in euros, 1.8% in Turkish lira and 1.8% in other currencies. 39.2% of the short-term loan debt was realized in dollars, 36.5% in euros, 20.8% in Turkish lira and 3.5% in other currencies.
On the other hand, financial institutions accounted for 35.6% of the total long-term loan debt, while non-financial institutions accounted for 64.4%. Financial institutions accounted for 76.6% of the total short-term loan debt, and non-financial corporations for 23.4%.
When the total loan debt obtained by the private sector from abroad is analyzed according to the remaining maturity as of the end of November, it was calculated that the principal repayments to be made within 1 year totaled $40.9 billion. Banks’ borrowings in the form of short-term loans increased by $460 million to $5.2 billion in November, while non-financial corporations’ borrowings in the form of loans increased by $687 million to $1.6 billion.
Source: AA / Translated by Irem Yildiz