Private sector external debt increased in September

The Central Bank (CBRT) announced the Credit Debt of the Private Sector Abroad for September 2023.

At the end of September, the total credit debt of the private sector from abroad decreased by $1.4 billion compared to the end of 2022, reaching $157.2 billion. Compared to August 2023, the debt figure increased by $1.9 billion.

When analyzed by maturity, long-term credit debt decreased by $1.8 billion compared to the end of 2022, reaching $148.7 billion; Short-term loan debt (excluding commercial loans) was noted to have increased by $383 million and reached $8.5 billion.

As for the distribution by debtors, with regard to long-term loan debt, it was noted that banks’ borrowings in the form of loans increased by 1.3 billion US dollars compared to the end of the year previous, while its loans in the form of bond issues decreased by 98 million US dollars, reaching 13.7 billion US dollars.

In the same period, borrowing from non-bank financial institutions in the form of loans decreased by $128 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 1.1 billion dollars, while the stock of bonds decreased by 523 million dollars and reached 9.0 billion Dollars.

BANK CREDIT LOANS DECREASE

As for short-term loan debt, banks’ borrowings in the form of loans decreased by US$487 million to US$4.5 billion compared to the end of 2022; Borrowing by non-financial institutions in the form of loans increased by $673 million to $1.8 billion.

When examining the distribution by creditors, in terms of long-term credit debt, at the end of September, debt with private creditors, excluding bonds, increased by $1.2 billion compared to the end of the year previous, reaching 104.4 billion dollars. Regarding short-term loan debt, it was noted that debt with private creditors, excluding bonds, increased by $49 million compared to the end of the previous year and reached $7.6 billion.

59.5 PERCENT IN DOLLARS

Looking at the composition of foreign currencies, 59.5 percent of the long-term credit debt of $148.7 billion is in US dollars, 35.4 percent in euros, 2.2 percent in cent in Turkish liras and 2.9 percent in other foreign currencies. guys.

It was noted that 37.8 percent of the short-term loan debt, amounting to $8.5 billion, was made up of US dollars, 35.2 percent in euros, 20.7 percent in Turkish lira and 6.3 percent in other foreign currencies.

When looking at the sectoral distribution, at the end of September, 35.8 percent of the total long-term loan debt of $148.7 billion was made up of financial institutions, and 64.2 percent was made up of non-financial institutions. financial.

In the same period, 73.4 percent of the total short-term loan debt of $8.5 billion was made up of financial institutions and 26.6 percent of non-financial institutions.

When the total overseas private sector loan debt was examined as of the remaining maturity at the end of September, it was noted that the total principal repayments due within a year amounted to US$44.9 billion.