Loans

9/16/2020

Private Sector Has $162.2 Billion of Long-term Loan Debts from Abroad in July 2020

The short-term loan debts of the private sector (except for commercial loans) decreased by $199 million to $8.5 billion...

Turkish Central Bank (TCMB) has announced the outstanding overseas loans of the private sector as of the end of July. According to this, private sector’s outstanding long-term loans received from abroad, recorded USD 162.2 billion as of July,  decreasing by USD 16.8 billion; whereas short-term loans (excluding trade credits) realized USD 8.5 billion, decreasing by USD 199 million in comparison to the end of 2019.

Regarding the currency composition, of the total long-term loans in the amount of USD 162.2 billion, 62.8 percent consists of USD, 34.0 percent consists of Euro, 2.5 percent consists of Turkish lira and 0.7 percent consists of other currencies and of the total short-term loans in the amount of USD 8.5 billion, 39.3 percent consists of USD, 43.4 percent consists of Euro, 15.1 percent consists of Turkish lira and 2.2 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 162.2 billion, 43.7 percent consists of liabilities of the financial institutions; whereas 56.3 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 8.5 billion, 83.5 percent consists of liabilities of the financial institutions. whereas 16.5 percent consists of liabilities of the non-financial institutions.

From the borrower’s side, regarding long-term loans, banks’ loan liabilities decreased by USD 2.5 billion; whereas bond liabilities amounted to USD 20.6 billion, decreasing by USD 600 million in comparison to the end of 2019. In the same period, non-bank financial institutions’ loan liabilities decreased by USD 1.7 billion; whereas bond liabilities amounted to USD 2.5 billion,  decreasing by USD 1.1 billion. Non-financial institutions’ loan liabilities recorded a decrease of USD 9.3 billion in comparison to the end of 2019; while bond liabilities amounted to USD 6.9 billion, decreasing by USD 684 million as of July.

Regarding short-term loans, banks’ loan liabilities realized as USD 6.2 billion, increasing by USD 589 million; whereas non-financial institutions’ loan liabilities realized as USD 1.2 billion, decreasing by USD 370 million in comparison to the end of 2019.
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 41.9 billion for the next 12 months by the end of July.