Short-term external debt stock increased by 9.6% compared to the end of 2022, reaching $163.3 billion.
Short-term external debt statistics for the period of September 2023 were announced by the Central Bank of the Republic of Turkiye (CBRT).
Accordingly, as of the end of September, the short-term external debt stock increased by 9.6% compared to the end of 2022, reaching $163.3 billion. During this period, the short-term external debt stock originating from banks increased by 3.3% to $64.2 billion, while the short-term external debt stock of other sectors decreased by 1.3% to $53.4 billion.
Short-term loans used by banks from abroad increased by 14.3% compared to the end of 2022, reaching $12.1 billion. Foreign exchange deposit accounts of non-residents, excluding banks, decreased by 8.8% to $19.7 billion, while deposits of non-resident banks increased by 7.4% to $18.1 billion. TL deposits of non-residents also increased by 9.1% compared to the end of last year, reaching $14.3 billion.
Import debts under other sectors decreased by 3.1% compared to the end of 2022, reaching $47.2 billion.
Short-term external debt of the private sector is $85.7 billion
The short-term debt of the public sector, which consists entirely of public banks, increased by 10.2% compared to the end of 2022, reaching $31.8 billion, and the short-term external debt of the private sector decreased by 1.8%, reaching $85.7 billion.
During this period, short-term debts to monetary institutions under the title of private creditors increased by 23.6 percent compared to the end of the year, reaching 91.7 billion dollars, and debts to non-monetary institutions decreased by 5 percent, reaching 70.3 billion dollars.
Short-term bond issues, which were $676 million at the end of 2022, reached $978 million as of the end of September 2023, and short-term debts to official creditors in the same period were $270 million.
When we look at the foreign currency composition of the short-term external debt stock, 49.4% was in dollars, 23.5% in euros, 9.9% in TL and 17.2% in other currencies.
In the same period, short-term external debt stock was at the level of $211 billion, according to the remaining maturity calculated using external debt data with 1 year or less remaining due, regardless of its original maturity.
$16.2 billion of the stock in question consisted of the debts of Turkish banks and the private sector to their foreign branches and subsidiaries.
When evaluated on a debtor basis, it was seen that the public sector had a share of 20.5%, the Central Bank had a share of 21.7% and the private sector had a share of 57.8% in the total stock.
Source: Trthaber / Prepared by Irem Yildiz