Loans

4/17/2018

Total Debts of the Private Sector for Credits Provided from Abroad Reached $ 247 Billion as of the End of February 2018

Credit debts of the private sector displayed an increase of $ 8.1 billion in 2 months since the beginning of the year. Long term debts reached $ 227.9 billion as of the end of February and short term debts to $ 19 billion. Taking a look at the distribution of long term debts in terms of countries, it is observed that European countries rank the first with an amount of $ 116 billion, followed by Asian countries with $ 40.7 billion and USA with $ 27 billion

Total debts of the private sector for credits provided from abroad reached $ 246 billion 961 million as of the end of February 2018.

Long term debts of the private sector which amounted to $ 221 billion 171 million at the end of 2017 reached $ 227 billion 950 million as of the end of February 2018 displaying an increase of $ 6.8 billion during the 2-month period. On the other hand short term debts which were recorded as $ 17 billion 629 million at the end of 2017 reached $ 19 billion 11 million as of the end of February 2018 increasing by $ 1.4 billion.

Distribution in terms of debtors

Taking a look at the distribution of long term debts of the private sector in terms of debtors as of February 2018, it is observed that credit debts of banks increased by US$ 629 million compared to the end of the previous year, and borrowings in terms of bond issuance realized at a level of US$ 32.2 billion increasing by $ 1.8 billion.

Credit debts of non-financial institutions increased by US$ 468 million during the same period and the bond stock realized at a level of US$ 4.4 billion increasing by US$ 2 million. It is observed that credit debts of non-financial institutions increased by US$ 3.2 billion in the given period and the bond stock realized at a level of US$ 7.4 billion increasing by US$ 508 million. As for short term credit debts, debts of banks realized at a level of US$ 11.8 billion increasing by US$ 255 million compared to the end of 2017, and credit debts of non-financial institutions realized at a level of US$ 4.4 billion increasing by US$ 1.2 billion.

Distribution in terms of creditors

Taking a look at the distribution of long term debts of the private sector in terms of creditors, it is observed that debts to private creditors as of the end of February 2018 excluding bonds realized at a level of US$ 157.3 billion increasing by US$ 4.1 billion compared to the end of the previous year. As for short term credit debts, debts to private creditors excluding bonds realized at a level of US$ 18.3 billion increasing by US$ 1.4 billion compared to the end of the previous year.

Distribution in terms of currency composition

Taking a look at the distribution of the long term credit debts of the private sector amounting to $ 228 billion in terms of currency composition, it is observed that 58.2 percent of debts consists of US Dollars, 35.1 percent of Euros, 5.0 percent of Turkish Liras and 1.7 percent of other miscellaneous currencies; and 50.4 percent of short term credit debts consists of US Dollars, 27.4 percent of Euros, 22.1 percent of Turkish Liras and 0.1 percent of other miscellaneous currencies.

Taking a look at the total debts of the private sector for credits provided from abroad in terms of back-payment terms as of the end of February, it is observed that principal repayments to be made within a year amount to US$ 72.1 billion.

Distribution of long term credit debts in terms of countries

On the other hand, taking a look at the distribution of long term credit debts in terms of countries which amount to $ 228 billion, it is observed that European countries rank the first with an amount of $ 116 billion, followed by Asian countries with $ 40.7 billion and USA with $ 27 billion. Major creditors among European countries are respectively listed as the United Kingdom with $ 29 billion and Germany with $ 23 billion, whereas Bahrain ranks the first among Asian countries with $ 11 billion followed by Japan with $ 6.4 billion.