CBRT: Private Sector External Loan Debt Declined in October

According to the statistics of the Central Bank of the Republic of Turkey, at the end of October, the total credit debt of the foreign private sector decreased by USD 7.5 billion compared to the end of 2021 and became USD 160.9 billion.

When analyzed by maturity, compared to the end of 2021, long-term loan debt decreased by $8.3 billion to $152.7 billion, while short-term loan debt (excluding commercial loans) increased by $779 million to $8.2 billion.

BANK LOANS AND BOND LOANS DECLINED

In the statement made by the CBRT, “When we look at the distribution according to the borrower, in terms of long-term loan debt, the indebtedness of banks in the form of loans decreased by 4.2 billion dollars compared to the end of the year previous. , while its indebtedness in the form of a bond issue decreased by 5.1 billion dollars to 14.9 billion dollars, it can be observed that it is carried out at the dollar level”.

In addition, the indebtedness of non-bank financial institutions in the form of loans decreased by 147 million dollars, while the stock of bonds increased by 42 million dollars to 1.9 billion dollars.

1.7 PERCENT OF THE DEBT IN TL

Regarding the composition of currencies, 64.8 percent of the long-term loan debt of 152.7 billion dollars is in dollars, 31.8 percent in euros, 1.7 percent in Turkish liras and 1.7 percent in other currencies.

When the sectoral breakdown is analyzed, at the end of October, 36.0 percent of the total long-term credit debt for 152.7 billion dollars corresponded to debt of financial entities and 64.0 percent to non-financial entities.

When analyzing the total credit debt obtained by the private sector abroad according to the remaining maturity at the end of October, it was indicated that the principal repayments to be made in 1 year amount to a total of 40,400 million dollars.