The external debt of the private sector reached 155.3 billion dollars in August
The Central Bank (CBRT) announced the Credit Debt of the Private Sector Abroad for August 2023.
At the end of August, the total credit debt of the private sector from abroad decreased by $2.5 billion compared to the end of 2022, reaching $155.3 billion.
When analyzed by maturity, long-term credit debt decreased by $3.1 billion compared to the end of 2022, reaching $146.5 billion; Short-term loan debt (excluding commercial loans) was noted to have increased by $612 million and reached $8.7 billion.
Looking at the distribution by borrower, it was noted that in terms of long-term loan debt, banks’ loans in the form of loans increased by $339 million compared to the end of the previous year, while their loans in form of bonds Issuances decreased by 1.1 billion US dollars, reaching 12.8 billion US dollars.
In the same period, borrowing from non-bank financial institutions in the form of loans decreased by $16 million, while the stock of bonds decreased by $1.2 billion, reaching $1.2 billion.
During the mentioned period, it was observed that borrowings of non-financial institutions in the form of loans decreased by 432 million dollars, while the stock of bonds decreased by 907 million dollars and reached 8.6 billion dollars.
BANK CREDIT LOANS DECREASE
As for short-term loan debt, banks’ borrowings in the form of loans decreased by US$203 million to US$4.8 billion compared to the end of 2022; Borrowings by non-financial institutions in the form of loans increased by $633 million, reaching $1.7 billion.
When looking at the distribution by creditor, in terms of long-term loan debt, at the end of August, debt owed to private creditors, excluding bonds, amounted to $103.6 billion, an increase of 1. 2 billion dollars compared to the end of the previous year. Regarding short-term loan debt, it was noted that debt with private creditors, excluding bonds, increased by 124 million dollars compared to the end of the previous year and reached 7.7 billion dollars.
59 PERCENT IN DOLLARS
Regarding the composition of foreign currencies, 59.0 percent of the long-term credit debt of 146.5 billion dollars is in US dollars, 36.1 percent in euros, 2.1 percent in cent in Turkish liras and 2.8 percent in other foreign currencies. 8.7 billion dollars, 38.6 percent in US dollars, 36.1 percent in euros, 18.6 percent in Turkish lira and 6.7 percent in other currencies.
When looking at the sectoral distribution, at the end of August, 35.1 percent of the total long-term loan debt of $146.5 billion was made up of financial institutions, and 64.9 percent was made up of non-financial institutions. financial. In the same period, 74.3 percent of the total short-term loan debt of $8.7 billion was made up of financial institutions, and 25.7 percent was made up of non-financial institutions.
When the total foreign private sector loan debt was examined as of the remaining maturity at the end of August, the total principal repayments to be made within one year were found to be US$44.5 billion.