The Central Bank of the Republic of Turkey announced that as of the end of July, the total loan debt of the private sector from abroad decreased by 7 billion dollars to 162 billion dollars.
According to the statement made by the CBRT, as of the end of July, the total loan debt of the private sector from abroad decreased by USD 7 billion compared to the end of 2021 and became USD 162 billion. When analyzed by maturity, compared to the end of 2021, long-term loan debt decreased by 7.1 billion dollars to 154.5 billion dollars; short-term loan debt (excluding commercial loans) increased by $85 million to $7.6 billion.
BANK DEBT DECREASED
Looking at the breakdown by borrower, it is seen that the borrowings of banks in the form of loans decreased by 2.9 billion dollars compared to the end of the previous year, while their borrowings in the form of bond issuances decreased by 2.9 billion dollars to 17.1 billion dollars compared to the end of the previous year. In the same period, non-bank financial institutions’ borrowings in the form of loans decreased by 435 million dollars, while the bond stock decreased by 7 million dollars to 1.8 billion dollars. In the said period, non-financial corporations’ borrowings in the form of loans decreased by 346 million dollars, while the bond stock increased by 215 million dollars to 10.3 billion dollars.
Regarding short-term loan debt, banks’ borrowings in the form of loans increased by 142 million dollars compared to the end of 2021 to 4.9 billion dollars; Non-financial corporations’ borrowings in the form of loans increased by 319 million dollars to 1196 million dollars.
When the distribution by creditor is analyzed, the debt to private creditors excluding bonds as of the end of July decreased by $2.8 billion compared to the end of the previous year and amounted to $104.7 billion. Regarding short-term loan debt, debt to private creditors, excluding bonds, increased by $169 million compared to the end of the previous year to reach $7.3 billion.
65 PERCENT OF THE DEBT US Dollars
Looking at the foreign currency composition, 65 percent of the long-term loan debt of 154.5 billion dollars is US dollars, 31.6 percent is euro, 1.5 percent is Turkish lira and 1.9 percent is other currencies. It was observed that 41.7 percent of the short-term loan debt of 7.6 billion dollars consisted of dollars, 37.3 percent of euros, 17.5 percent of Turkish lira and 3.5 percent of other currencies.
In addition, when the sectoral distribution is analyzed, 37.7 percent of the total long-term loan debt of 154.5 billion dollars was the debt of financial institutions and 62.3 percent of it was the debt of non-financial institutions. In the same period, 79.9 percent of the total short-term loan debt of 7.6 billion dollars consisted of the debt of financial institutions and 20.1 percent of non-financial institutions.
Source: bigpara- GÜNDEM by bigpara.hurriyet.com.tr.
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