Private sector’s foreign loan debt decreased in March

As of March, the short-term loan debt obtained by the private sector from abroad decreased to 7.8 billion dollars and the long term loan debt to 177.6 billion dollars.

18.05.2020 10:50:000

Central Bank of the Republic of Turkey (CBRT) by March 2020 the period during which the private sector credit debt developments abroad of filed.

Accordingly, compared to the end of 2019, the private sector’s long-term loan debt from abroad decreased by $ 3 billion to $ 177.6 billion, and short-term loan debt (excluding commercial loans) decreased by $ 1.2 billion to $ 7.8 billion in March.

Regarding long-term loan debt, banks’ borrowing in the form of loans decreased by $ 1.1 billion compared to the end of March 2019, while their borrowing in the form of bond issues increased by $ 100 million to $ 21.3 billion. During this period, non-bank financial institutions’ borrowing in the form of loans decreased by 736 million dollars, while the bond stock decreased by 123 million dollars to 3.6 billion dollars.

In the same period, it was observed that non-financial institutions’ borrowing in the form of loans decreased by 861 million dollars, while the bond stock decreased by 4 million dollars to 7.5 billion dollars.

Banks’ loans in the form of loans decreased by $ 941 million to $ 4.7 billion in March compared to the end of 2019; Non-financial institutions’ borrowing in the form of loans decreased by $ 102 million to $ 1.6 billion.

$ 45 billion principal repayment in one year

The debt to private creditors, excluding bonds, as of the end of March related to long-term loan debt decreased by $ 2.8 billion compared to the end of last year, to $ 122.5 billion. In this period, debt to private creditors, excluding bonds for short-term loan debt, fell by $ 1.2 billion to $ 7.6 billion.

Looking at the currency composition, it was seen that 61.8 percent of the long-term loan debt of 177.6 billion dollars was made up of dollars, 33.5 percent of euros, 3 percent of Turkish lira and 1.7 percent of other currencies. Of the short-term loan debt of $ 7.8 billion, 43.2 percent was dollars, 33.2 percent were euros, 22.9 percent were Turkish lira and 0.7 percent were other foreign currencies.

When the sector breakdown is analyzed, it was seen that as of the end of March, 42.4 percent of total long-term loan debt was financial and 57.6 percent was debt of non-financial institutions. In the same period, 76.2 percent of short-term loan borrowings were made by financial institutions and 23.8 percent by non-financial institutions.

When the total loan debt obtained by the private sector from abroad is analyzed in terms of maturity, it is observed that the principal repayments to be made within 1 year as of the end of March are 45 billion dollars.

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