International Investment Position Developments

International Investment Position Developments

INTERNATIONAL INVESTMENT POSITION DEVELOPMENTS

FEBRUARY 2017

  • According to the International Investment Position (IIP) at the end of February 2017, external assets recorded USD 216.8 billion indicating an increase of 0.9 percent compared to the end of 2016 and liabilities against non-residents recorded USD 589.4 billion indicating an increase of 3.5 percent.
  • The net IIP, defined as the difference between Turkey’s external assets and liabilities, posted USD -372.7 billion at the end of February 2017, while recorded USD -354.8 billion at the end of 2016.
  • As regards to sub-items under assets, at the end of February 2017, reserve assets recorded USD 107.6 billion indicating an increase of 1.4 percent, and other investment recorded USD 69.2 billion indicating an increase of 0.2 percent compared to the end of 2016. Currency and deposits of banks, one of the sub-items of other investment, increased by 3.1 percent to USD 30.7 billion compared to the end of 2016.
  • As regards to sub-items under liabilities, direct investment (equity capital and other capital) at the end of February 2017 recorded USD 144.2 billion indicating 8.3 percent increase in comparison to the end of the previous year due to the changes in the market value and foreign exchange rates.
  • Portfolio investment at the end of February 2017 increased by 3.7 and recorded USD 148.3 billion compared to the end of 2016. Non-residents’ equity holdings recorded USD 40.3  billion reflecting an increase  of 13.5 percent compared to the end of 2016. Non-residents’ holdings of GDDS (Government Domestic Debt Securities), a sub-item under debt securities stock, recorded USD 25.9 billion with a decrease of 3.3 percent. Eurobond stock of the Treasury (excluding the residents’ holdings) posted USD 40 billion with an increase of 3.5 percent.
  • Other investment at the end of February 2017 recorded an increase of USD 3.5 billion compared to the end of 2016. Deposits of Turkish citizens residing abroad held within the Central Bank remained same compared to the end of 2016 and realized as USD 0.8 billion. FX deposits of non-residents held within the resident banks recorded USD 31.9 billion at the end of February 2017, reflecting an increase of 4.5 percent to the end of 2016 and TL deposits increased by 7.8 percent and recorded USD 13.1 billion.
  • Total external loan stock of the banks recorded USD 88.2 billion at the end of February 2017 increasing by 0.3 percent compared to the end of 2016 and total external loan stock of the other sectors recorded USD 100.4 billion increasing by 0.7 percent.

CENTRAL BANK OF THE REPUBLIC OF TURKEY Head Office Anafartalar Mah. İstiklal Cad. No:10 06050 Ulus Altındağ Ankara Phone : (+90 312) 507 50 00 | Fax : (+90 312) 507 56 40