10/14/2016
TCMB, Private Sector Foreign Credit Debt Data for August
As of the end of August, long-term credit debts taken out from abroad by the private sector reached USD 207.9 billion with USD 12.3 billion of increase from the end of 2015. Short-term credit debt (excluding commercial loans) totaled at USD 18.1 billion. The private sector will make a total principal repayment of USD 70.1 billion within 1 year
Turkish Central Bank (TCMB) published the private sector foreign credit debt data for August 2016. According to this data, the long-term foreign credit debt of the private sector reached USD 207.9 billion with an increase of USD 12.3 billion from the end of 2015 while short-term credit debt (excluding commercial loans) reached USD 18.1 billion, marking a decline of USD 2.4 billion. Distribution among borrowers Distribution among borrowers reveals that the borrowing of banks increased by USD 1.2 billion for credits and by USD 1.1 billion for the issue of bond compared to the end of the previous year. In the same period, the borrowing of non-bank financial organizations in the form of credit decreased by USD 730 million while the bond stock reached USD 4.2 billion with a USD 776 million increase. Credit borrowing of non-financial organizations for the same period increased by USD 9.1 billion while their bond stock was USD 5.7 billion. With regard to short-term credit debt, the debts of banks in the form of credit reached $12 billion with a $2.8 billion decrease, and the debts of non-financial organizations in the form of credit reached $3.1 billion with a $1.1 billion decrease from the end of 2015. An anaylsis of distribution in the sector reveals that financial organizations made up 51.6%, and non-financial organizations made up 48.4% of the total long-term credit debt which totals at $207.9 billion by the end of August. In the same period, financial organizations accounted for 82.5%, and non-financial organizations accounted for 17.5% of the total short-term total credit debt of $18.1 billion. It is observed that principal repayment to be made by the private sector within 1 year for the total loan extended from abroad will be $70.1 billion.
Annual Report
