The total loan debt of the private sector from abroad became $160.1 billion in December 2022, with a decrease of $7 billion compared to the end of the previous year.
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 December 2022.
Accordingly, in December, the total loan debt of the private sector from abroad decreased by $7 billion compared to the end of 2021 and decreased to $160.1 billion. In this period, the private sector’s long-term loan debt from abroad decreased by $8.7 billion to $151.5 billion, while short-term loan debt (excluding commercial loans) increased by $1.7 billion to $8.6 billion.
Banks’ borrowings in the form of long-term loans decreased by $6 billion in December compared to the end of 2021, while borrowings from bond issues decreased by $5.9 billion to $14 billion.
In the same period, non-bank financial institutions’ borrowings in the form of loans increased by $577 million, while the bond stock increased by $46 million to $2.4 billion. In this period, non-financial corporations’ borrowings in the form of loans increased by $2.7 billion, while the bond stock increased by $32 million to $9.4 billion.
Banks’ borrowings in the form of short-term loans increased by $768 million in December from the end of 2021 to $5.1 billion, while non-financial corporations’ borrowings in the form of loans increased by $503 million to $1.4 billion.
Principal repayment in one year was $41.8 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 December compared to the end of 2021, to $104.3 billion. In the same period, short-term debt to private creditors, excluding bonds, increased by $1.5 billion to $8 billion.
62.1% of the long-term loan debt was in dollars, 34.1% in euros, 1.8% in Turkish lira and 2% in other currencies. On the other hand, 38.8% of short-term loan debt was realized in dollars, 36.2% in euros, 20.9% in Turkish lira and 4.1% in other currencies.
On the other hand, financial institutions accounted for 35.4% of the total long-term loan debt, while non-financial institutions accounted for 64.6%. 74.9% of the total short-term loan debt consisted of financial institutions and 25.1% of non-financial institutions’ debts.
When the total loan debt of the private sector from abroad is analyzed according to the remaining maturity as of the end of December, it was calculated that the principal repayments to be made within 1 year totaled $41.8 billion.
Source: Trthaber / Prepared by Irem Yildiz