DEVELOPMENTS IN PRIVATE SECTOR’S OUTSTANDING LOANS RECEIVED FROM ABROAD

MARCH 2012 (*)

• Private sector’s outstanding long-term loans received from abroad reached to USD 129.7 billion as of March, increasing by USD 2.5 billion and USD 340 million in comparison to the end of 2011 and previous month respectively.

• From the borrowers side, banks’ loan liabilities decreased by USD 383 million, while bond liabilities increased by USD 500 million in comparison to the end of 2011. In the same period, non-financial institutions’ loans recorded an increase of USD 1.4 billion.

• From the creditors side, liabilities to private creditors and to official creditors, which account for 90.5 percent and 9.5 percent of the outstanding long-term loan stock excluding bonds, increased by USD 1.8 billion and USD 154 million respectively in comparison to the end of 2011. Non-financial institutions’ loans from the foreign branches and affiliates of resident banks realized as USD 21.8 billion, decreasing by USD 176 million in comparison to the end of 2011; whereas their loans from the non-resident commercial banks realized as USD 38.4 billion, increasing by USD 521 million in the same period.

• Regarding the currency composition of the total of USD 129.7 billion, 59.3 percent consists of USD, 35.8 percent consists of Euro and 4.9 percent consists of other currencies.

• As for the sectoral breakdown, of the USD 82.0 billion liabilities of the non-financial institutions, which account for 63.2 percent of the total, 56.5 percent was borrowed by the services sector, 42.7 percent by the industrial sectors and 0.8 percent by the agricultural sector as end of March.

• Private sector’s outstanding short-term loans received from abroad (excluding trade credits), reached to USD 27.8 billion as of March, increasing by USD 740 million and decreasing by USD 987 million in comparison to the end of 2011 and previous month respectively. From the borrower’s side, banks’ loan liabilities decreased by USD 619 million while non-financial institutions’ loan liabilities increased by USD 739 million in comparison to the end of 2011.

• 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 63.3 billion for the next 12 months as end of March.

(*) Sectoral breakdowns of Outstanding Loans of Private Sector Received from Abroad disseminated according to the Statistical Classification of Economic Activities in the European Union NACE Rev. 1.1. started to be disseminated in compliance with the NACE Rev. 2 classification beginning with the March 2012 publication. The data regarding 2002-2012 January-February have also been revised as to the NACE Rev. 2. In this context, the most comprehensive revision has been made by including the “Holding Companies” under “Financial”, which was previously classified under “Non-Financial.”

Detailed tables related to outstanding loans received from abroad by private sector developments can be found at the Internet address “http://www.tcmb.gov.tr/” under the heading, “Data/Periodic Data/Outstanding Loans Received From Abroad by Private Sector”.