The private sector’s short-term loan debt from abroad was 9.5 billion dollars in 2019, and its long-term loan debt was 191.5 billion dollars.
The developments in the credit debt of the private sector from abroad for the period of December 2019 were published by the Central Bank of the Republic of Turkey (CBRT).
Accordingly, at the end of last year, the private sector’s long-term loan debt from abroad decreased by 17.2 billion dollars compared to 2018, reaching 191.5 billion dollars, and short-term loan debt (excluding commercial loans) decreased by 5.8 billion dollars to 9.5 billion dollars. fell to billion dollars.
Banks’ borrowings in the form of long-term loans decreased by 8.6 billion dollars in the same period. During this period, banks’ borrowings in the form of long-term bond issues decreased by 1.3 billion dollars to 27.2 billion dollars.
During the said period, the borrowings of non-banking financial institutions in the form of loans decreased by 3.5 billion dollars, while the bond stock decreased by 557 million dollars to 3.7 billion dollars. While the borrowings of non-financial institutions in the form of loans decreased by 2.9 billion dollars in the one-year period, the bond stock increased by 1.1 million dollars to 7.5 billion dollars.
Banks’ borrowings in the form of short-term loans amounted to 6.2 billion dollars at the end of last year, a decrease of 3.2 billion dollars compared to the previous year. This figure was recorded at the level of 1.7 billion dollars, with a decrease of 1.6 billion dollars in non-financial institutions.
Principal repayment within one year is 50.7 billion dollars
When the distribution of long-term loan debt by creditor is examined, the debt to private creditors, excluding bonds, decreased by 17.2 billion dollars in one year to 127.6 billion dollars. In the same period, the debt to private creditors, excluding bonds, in terms of short-term loan debt decreased by 5.8 billion dollars to 9 billion dollars.
Looking at the foreign currency composition, 61.2 percent of the 191.5 billion dollar long-term loan debt was in dollars, 33.4 percent in euros, 3.8 percent in Turkish lira and 1.6 percent in other currencies. Of the short-term loan debt of 9.5 billion dollars, 45.2 percent was in dollars, 32.2 percent in euros, 22.1 percent in Turkish lira and 0.5 percent in other foreign currencies.
When the sector distribution is examined, 46.2 percent of the total long-term loan debt was made up of financial institutions, and 53.8 percent was made up of non-financial institutions. In the same period, 78.8 percent of the total short-term loan debt was held by financial institutions and 21.2 percent by non-financial institutions.
When the total loan debt of the private sector from abroad was analyzed according to the remaining maturity as of the end of 2019, the total principal repayments to be made within a year was 50.7 billion dollars.
Source: https://www.aa.com.tr/tr/ekonomi/ozel-sektorun-yurt-disi-kredi-borcu-2019da-azaldi-/1738237
