Outstanding Loans Received from Abroad by Private Sector

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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 - December 2023

  • Private sector’s total outstanding loans received from abroad recorded USD 164.4 billion as of December, increasing by USD 6.5 billion. With regards to the maturity, long-term loans recorded USD 155.1 billion as of December, increasing by USD 5.1 billion; whereas short-term loans (excluding trade credits) realized USD 9.3 billion, increasing by USD 1.4 billion in comparison to the end of 2022.
  • From the borrower’s side, regarding long-term loans, banks’ loan liabilities increased by USD 3.4 billion; whereas bond liabilities amounted to USD 14.8 billion, increasing by USD 975 million in comparison to the end of 2022. In the same period, non-bank financial institutions’ loan liabilities increased by USD 573 million; whereas bond liabilities amounted to USD 1.2 billion, decreasing by USD 1.2 billion. Non-financial institutions’ loan liabilities recorded a decrease of USD 209 million in comparison to the end of 2022; while bond liabilities amounted to USD 10.1 billion, increasing by USD 630 million as of December. Regarding short-term loans, banks’ loan liabilities realized as USD 4.5 billion, decreasing by USD 519 million; whereas non-financial institutions’ loan liabilities realized as USD 1.7 billion, increasing by USD 807 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 107.8 billion, increasing by USD 4.9 billion compared to the end of the previous year. Regarding short-term loans, liabilities to private creditors excluding bonds amounted to USD 8.0 billion, increasing by USD 725 million compared to the end of the previous year.
  • Regarding the currency composition, of the total long-term loans in the amount of USD 155.1 billion, 58.1 percent consists of USD, 36.1 percent consists of Euro, 2.2 percent consists of Turkish lira and 3.6 percent consists of other currencies and of the total short-term loans in the amount of USD 9.3 billion, 39.0 percent consists of USD, 29.9 percent consists of Euro, 25.0 percent consists of Turkish lira and 6.1 percent consist of other currencies.
  • As for the sectoral breakdown by the end of December, of the total long-term loans in the amount of USD 155.1 billion, 37.0 percent consists of liabilities of the financial institutions; whereas 63.0 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 9.3 billion, 69.8 percent consists of liabilities of the financial institutions; whereas 30.2 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 49.3 billion for the next 12 months by the end of December.

(*) Figures may not add up to totals due to rounding.

 

 

Data - December 2023

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