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Private sector’s outstanding loans received from abroad as long-term loans decreasing by USD 16.8 billion in Turkey

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Developments in Private Sector’s Outstanding Loans Received From Abroad

July 2020

As regards the private sector’s outstanding loans received from abroad, long-term loans recorded USD 162.2 billion as of July, decreasing by USD 16.8 billion; whereas short-term loans (excluding trade credits) realized USD 8.5 billion, decreasing by USD 199 million in comparison to the end of 2019.

From the borrower’s side, regarding long-term loans, banks’ loan liabilities decreased by USD 2.5 billion; whereas bond liabilities amounted to USD 20.6 billion, decreasing by USD 600 million in comparison to the end of 2019. In the same period, non-bank financial institutions’ loan liabilities decreased by USD 1.7 billion; whereas bond liabilities amounted to USD 2.5 billion, decreasing by USD 1.1 billion. Non-financial institutions’ loan liabilities recorded a decrease of USD 9.3 billion in comparison to the end of 2019; while bond liabilities amounted to USD 6.9 billion, decreasing by USD 684 million as of July. Regarding short-term loans, banks’ loan liabilities realized as USD 6.2 billion, increasing by USD 589 million; whereas non-financial institutions’ loan liabilities realized as USD 1.2 billion, decreasing by USD 370 million in comparison to the end of 2019.

From the creditor’s side, regarding long-term loans, liabilities to private creditors excluding bonds amounted to USD 110.7 billion, decreasing by USD 14.8 billion compared to the end of the previous year. Regarding short-term loans, liabilities to private creditors excluding bonds amounted to USD 8.3 billion decreasing by USD 206 million compared to the end of the previous year.

Regarding the currency composition, of the total long-term loans in the amount of USD 162.2 billion, 62.8 percent consists of USD, 34.0 percent consists of Euro, 2.5 percent consists of Turkish lira and 0.7 percent consists of other currencies and of the total short-term loans in the amount of USD 8.5 billion, 39.3 percent consists of USD, 43.4 percent consists of Euro, 15.1 percent consists of Turkish lira and 2.2 percent consist of other currencies.

As for the sectoral breakdown by the end of July, of the total long-term loans in the amount of USD 162.2 billion, 43.7 percent consists of liabilities of the financial institutions; whereas 56.3 percent consists of the liabilities of the non-financial institutions. In the same period, of the total short-term loans in the amount of USD 8.5 billion, 83.5 percent consists of liabilities of the financial institutions. whereas 16.5 percent consists of liabilities of the non-financial institutions.

Private sector’s total outstanding loans received from abroad based on a remaining maturity basis; point out to principal repayments in the amount of USD 41.9 billion for the next 12 months by the end of July.


Source: Central Bank of the Republic of Turkey
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