Loans   Abroad

12/14/2016

Debts Against Long Term Credits Provided by the Private Sector from Abroad Amounted to $ 207.6 Billion as of October

According to the Central Bank of the Republic of Turkey; Debts against long term credits provided by the private sector from abroad amounted to US$ 207.6 billion as of October increasing by US$ 12.3 billion compared to the end of 2015, and short term credit debts (excluding commercial loans) realized at a level of US$ 16.8 billion decreasing by US$ 3.7 billion

The Central Bank of the Republic of Turkey published the data regarding debts against long term credits provided by the private sector from abroad as of the end of October. According to the report, debts against long term credits provided by the private sector from abroad amounted to US$ 207.6 billion as of October increasing by US$ 12.3 billion compared to the end of 2015, and short term credit debts (excluding commercial loans) realized at a level of US$ 16.8 billion decreasing by US$ 3.7 billion.

51.7% of the total long term credit debt of US$ 207.6 billion constitutes the debts of financial institutions and 48.3% of the said amount constituted of debts of non-financial institutions. Meanwhile, 81.3% of the short term credit debts amounting to US$ 16.8 billion constitute the debts of financial institutions and 18.7% of the said amount constituted of debts of non-financial institutions.

59.5% of the total long term credit debt of US$ 207.6 billion constitutes debts in US Dollars, 33.7% in Euros, 4.8% in Turkish Liras and 2.0% in other currencies. 46.0% of the short term credit debts amounting to US$ 16.8 billion constitute debts in US Dollars, 32.4% in Euros, 21.2% in Turkish Liras and 0.4% in other currencies.

Taking a look at the total debt amount against credits provided by the private sector from abroad in terms of maturity as of the end of October, it is observed that principal repayment to be realized within a year amounts to US$ 68.7 billion.