Developments in Private Sector’s Outstanding Loans Received From Abroad – July 2021
- Private sector’s total outstanding loans received from abroad recorded USD 173.3 billion as of July, decreasing by USD 130 million. With regards to the maturity, long-term loans recorded USD 163.8 billion as of July, increasing by USD 110 million; whereas short-term loans (excluding trade credits) realized USD 9.5 billion, decreasing by USD 240 million in comparison to the end of 2020.
- From the borrower’s side, regarding long-term loans, banks’ loan liabilities decreased by USD 2.6 billion; whereas bond liabilities amounted to USD 20.8 billion, decreasing by USD 777 million in comparison to the end of 2020. In the same period, non-bank financial institutions’ loan liabilities decreased by USD 833 million; whereas bond liabilities amounted to USD 2.3 billion, decreasing by USD 3 million. Non-financial institutions’ loan liabilities recorded an increase of USD 2.8 billion in comparison to the end of 2020; while bond liabilities amounted to USD 9.8 billion, increasing by USD 2.1 billion as of July. Regarding short-term loans, banks’ loan liabilities realized as USD 6.1 billion, decreasing by USD 513 million; whereas non-financial institutions’ loan liabilities realized as USD 1.3 billion, increasing by USD 16 million in comparison to the end of 2020.
- From the creditor’s side, regarding long-term loans, liabilities to private creditors excluding bonds amounted to USD 107.7 billion, decreasing by USD 1.6 billion compared to the end of the previous year. Regarding short-term loans, liabilities to private creditors excluding bonds amounted to USD 9.1 billion, decreasing by USD 412 million compared to the end of the previous year.
- Regarding the currency composition, of the total long-term loans in the amount of USD 163.8 billion, 61.0 percent consists of USD, 34.9 percent consists of Euro, 2.3 percent consists of Turkish lira and 1.8 percent consists of other currencies and of the total short-term loans in the amount of USD 9.5 billion, 38.2 percent consists of USD, 34.5 percent consists of Euro, 23.8 percent consists of Turkish lira and 3.5 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 163.8 billion, 40.7 percent consists of liabilities of the financial institutions; whereas 59.3 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 9.5 billion, 83.2 percent consists of liabilities of the financial institutions; whereas 16.8 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 42.1 billion for the next 12 months by the end of July.
Source: Central Bank of the Republic of Turkey
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