The total loan debt of the private sector from abroad decreased by $5.3 billion in April compared to the end of 2021, reaching $163.7 billion.
The Central Bank of the Republic of Turkey (CBRT) published the developments in the loan debt of the private sector from abroad for the period of April 2022.
Accordingly, in April, the total loan debt of the private sector from abroad decreased by $5.3 billion compared to the end of 2021 and decreased to $163.7 billion. In this period, the private sector’s long-term loan debt from abroad decreased by $5.5 billion to $156 billion, while short-term loan debt (excluding commercial loans) increased by $218 million to $7.7 billion.
Banks’ borrowings in the form of long-term loans decreased by $1.5 billion in April compared to the end of 2021, while borrowings from bond issues decreased by $2 billion to $18 billion.
In the same period, non-bank financial institutions’ borrowings in the form of loans decreased by $331 million, while the bond stock decreased by $5 million to $1.8 billion. In this period, non-financial institutions’ borrowings in the form of loans decreased by $1.5 billion, while the bond stock increased by $234 million to 10.3 billion.
Banks’ borrowings in the form of short-term loans increased by $379 million in April from the end of 2021 to $5.1 billion, while non-financial institutions’ borrowings in the form of loans increased by $148 million to $1 billion.
Principal repayment in one year is $45.9 billion
When the distribution of long-term loan debt by creditor is analyzed, debts to private creditors, excluding bonds, decreased by $2.8 billion in April compared to the end of 2021 to $104.6 billion. In the same period, short-term debt to private creditors excluding bonds increased by $276 million to $7.4 billion.
63.8% of the long-term loan debt was in dollars, 32.7% in euros, 1.7% in Turkish lira and 1.8% in other currencies. On the other hand, 37.2% of short-term loan debt was realized in dollars, 40.3% in euros, 18.7% in Turkish lira and 3.8% in other currencies.
On the other hand, financial institutions accounted for 38.9% of total long-term loan debt, and non-financial institutions 61.1%. 81.4% of the total short-term loan debt consisted of financial institutions and 18.6% of non-financial institutions’ debts.
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 is calculated that the principal repayments to be made within 1 year are at the level of $45.9 billion.
Source: Trthaber / Translated by Irem Yildiz