Outstanding Loans Received from Abroad by Private Sector
Detailed data for the private sector’s long and short-term loans received from abroad are compiled from credit based forms submitted by resident banks and firms.
These flow data are recorded in the Balance of Payments Statistics by the Central Bank of Turkey in compliance with the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6) prepared by the International Monetary Fund (IMF).
The stock data, which are derived from the disbursements and repayments and converted to USD at end-of-period exchange rates, are recorded in the International Investment Position by the Central Bank in compliance with the IMF’s External Debt Statistics- Guide for Compilers and Users.
Data are available as time series in EVDS. Click here for access.
Developments in Private Sector's Outstanding Loans Received From Abroad - January 2023
- Private sector’s total outstanding loans received from abroad recorded USD 159.7 billion as of January, decreasing by USD 158 million. With regards to the maturity, long-term loans recorded USD 151.1 billion as of January, decreasing by USD 284 million; whereas short-term loans (excluding trade credits) realized USD 8.6 billion, increasing by USD 126 million in comparison to the end of 2022.
- From the borrower’s side, regarding long-term loans, banks’ loan liabilities decreased by USD 610 million; whereas bond liabilities amounted to USD 13.3 billion, decreasing by USD 672 million in comparison to the end of 2022. In the same period, non-bank financial institutions’ loan liabilities increased by USD 51 million; whereas bond liabilities amounted to USD 1.9 billion, decreasing by USD 467 million. Non-financial institutions’ loan liabilities recorded an increase of USD 1.3 billion in comparison to the end of 2022; while bond liabilities amounted to USD 9.4 billion, increasing by USD 14 million as of January. Regarding short-term loans, banks’ loan liabilities realized as USD 4.9 billion, decreasing by USD 172 million; whereas non-financial institutions’ loan liabilities realized as USD 1.2 billion, decreasing by USD 28 million in comparison to the end of 2022.
- From the creditor’s side, regarding long-term loans, liabilities to private creditors excluding bonds amounted to USD 104.5 billion, increasing by USD 555 million compared to the end of the previous year. Regarding short-term loans, liabilities to private creditors excluding bonds amounted to USD 7.9 billion, increasing by USD 3 million compared to the end of the previous year.
- Regarding the currency composition, of the total long-term loans in the amount of USD 151.1 billion, 60.9 percent consists of USD, 35.1 percent consists of Euro, 1.8 percent consists of Turkish lira and 2.2 percent consists of other currencies and of the total short-term loans in the amount of USD 8.6 billion, 36.8 percent consists of USD, 36.4 percent consists of Euro, 21.9 percent consists of Turkish lira and 4.9 percent consist of other currencies.
- As for the sectoral breakdown by the end of January, of the total long-term loans in the amount of USD 151.1 billion, 34.3 percent consists of liabilities of the financial institutions; whereas 65.7 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 8.6 billion, 75.3 percent consists of liabilities of the financial institutions; whereas 24.7 percent consists of liabilities of the non-financial institutions.
- 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 40.5 billion for the next 12 months by the end of January.