The external credit debt of the private sector was 159.700 million dollars in January

The Central Bank (CBRT) released data on external credit debt of the private sector for January.

Consequently, when analyzed by maturity, long-term loan debt decreased by $284 million to $151.1 billion compared to year-end 2022. Short-term loan debt (excluding commercial loans ) increased by $126 million to $8.6 billion.

BREAKDOWN BY CREDIT

When the distribution by creditor is analyzed, the debt with private creditors, without bonds, at the end of January increased by $555 million compared to the end of the previous year and amounted to $104,500 million. Regarding the short-term credit debt, the debt with private creditors, excluding bonds, increased by 3 million dollars with respect to the closing of the previous year and reached 7,900 million dollars.

MOST DEBTS ARE IN DOLLARS

As for the currency composition, 60.9 percent of the long-term loan debt of $151.1 billion is in US dollars, 35.1 percent in euros, 1.8 percent in Turkish lira and 2.2 percent in other currencies.

It was noted that 36.8% of the US$8.6 billion short-term loan debt was made up of US dollars, 36.4 percent in euros, 21.9 percent in Turkish lira and 4.9 percent in other currencies.

ACCOUNTS PAYABLE BY SECTOR

Analyzing the sectoral breakdown, at the end of January, 34.3 percent of the total long-term loan debt of 151.1 billion dollars was debt of financial institutions and 65.7 percent was debt of non-financial institutions. In the same period, 75.3 percent of the total short-term loan debt of $8.6 billion was held by financial institutions and 24.7 percent by non-financial institution debt.

THE MONEY TO BE PAID IN 1 YEAR IS 40.5 BILLION DOLLARS

When analyzing the total credit debt of the private sector abroad according to the remaining maturity at the end of January, it was indicated that the principal amortizations to be carried out within 1 year amount to a total of 40,500 million dollars.