The total loan debt of the private sector from abroad decreased by $1.1 billion in April compared to the previous month and became $156.5 billion.
The Central Bank of the Republic of Turkiye (CBRT) published the developments in the loan debt of the private sector from abroad for the period of April 2023.
Accordingly, in April, the total loan debt of the private sector from abroad decreased by $1.1 billion compared to the end of 2022 and decreased to $156.5 billion. In this period, the private sector’s long-term loan debt from abroad decreased by $1.8 billion to $147.7 billion, while short-term loan debt (excluding commercial loans) increased by $709 million to $8.8 billion.
While the borrowings of banks in the form of long-term loans decreased by $687 million in April compared to the end of 2022, their debt issuances decreased by $1.6 billion to $12.3 billion.
In the same period, non-bank financial institutions’ borrowings in the form of loans increased by $24 million, while the bond stock decreased by $1.2 billion to $1.2 billion. In this period, non-financial corporations’ borrowings in the form of loans increased by $2.1 billion, while the bond stock decreased by $777 million to $8.6 billion.
Banks’ borrowings in the form of short-term loans increased by $49 million in April compared to the end of 2022 to $5.1 billion, while non-financial institutions’ borrowings in the form of loans increased by $378 million to $1.5 billion.
Principal repayment in one year is $40.7 billion
When the distribution of long-term loan debt by creditor is analyzed, debts to private creditors excluding bonds increased by $2.1 billion in April compared to the end of 2022 and amounted to $104.4 billion. In the same period, short-term debt to private creditors, excluding bonds, increased by $308 million to $7.8 billion.
59% of the long-term loan debt was in dollars, 36.25 in euros, 2.3% in Turkish lira and 2.5% in other currencies. 34.7% of short-term loan debt was in dollars, 41.5% in euros, 17.4% in Turkish lira and 6.4% in other currencies.
On the other hand, financial institutions accounted for 33.8% of total long-term loan debt and non-financial institutions for 66.2%. Financial institutions accounted for 74.4% of the total short-term loan debt, and non-financial corporations for 25.6%.
When the total loan debt obtained by the private sector from abroad is analyzed according to the remaining maturity as of the end of April, it was calculated that the principal repayments to be made within 1 year totaled $40.7 billion.
Source: AA / Prepared by Irem Yildiz