As of December 2022, Turkiye’s foreign assets amounted to $304.7 billion and its foreign liabilities amounted to $583.8 billion.
The Central Bank of the Republic of Turkiye (CBRT) announced the International Investment Position (IIP) data for the period of December 2022.
Accordingly, in December, compared to the end of 2021, Turkiye’s foreign assets increased by 5.7% to $304.7 billion, while its liabilities increased by 7.9% to $583.8 billion. Thus, the net IIP, defined as the difference between Turkiye’s foreign assets and liabilities, stood at minus $279.1 billion in December.
Net IIP stood at minus $252.7 billion at the end of 2021.
Reserve assets amounted to $128.7 billion in December with an increase of 15.8% compared to the end of 2021, while the other investments item decreased by 5.4% to $115.2 billion. In this period, banks’ foreign currency and Turkish lira effective deposits and deposits, which are among the sub-items of other investments, decreased by 12.7% and became $45.0 billion.
Direct investments (capital and other capital) increased by 17.6% in December compared to the end of 2021 to $166.4 billion, with the effect of changes in market value and exchange rates.
Portfolio investments reached $94.2 billion
Portfolio investments decreased by 2.2% in December compared to the end of 2021, to $94.2 billion.
In the same period, the stock of non-residents increased by 56.1% to $28.8 billion, the GDDS stock owned by non-residents decreased by 64.2% to $1.2 billion, and the bond stock of the Treasury (after deducting the stock of bonds purchased by residents) decreased by 7.5% to $41.9 billion.
Other investments reached $323.2 billion in December, an increase of 6.6% compared to the end of 2021. In the same period, foreign currency deposits of non-residents in domestic banks increased by 21.5% to $40.3 billion, while TL deposits increased by 35.1% to $13.1 billion.
While the total loan stock of banks decreased by 11.4% to $57.4 billion, the total loan stock of other sectors increased by 3.1% to $100.2 billion.
Source: Trthaber / Prepared by Irem Yildiz