Loans

3/15/2018

Long Term Credit Debt of Private Sector From Abroad Reached USD 225.7 Billion as of January 2018

Private Sector’s long term foreign credit debt increased USD 5 billion to reach USD 225.7 billion, short term foreign credit debt increased USD 506 million to reach USD 18.9 billion

Republic of Turkey Central Bank (TCMB) has publicized the Private Sector foreign credit debt as of end-January 2018.

Accordingly,  Private Sector long term credit debt increased USD 5 billion compared to end-2017, to reach USD 225.7 billion. Of the long term credit debt, 58% is of USD, 35.5% is of Euro, 4.8% is of Turk Lira and 1.7% is of other currencies.

Private Sector short term credit debt (commercial credits excluded) increased USD 506 million to reach USD 18.9 billion. Of this figure, 46.6% is of USD, 27.7% is of Euro and 25.7% is of Turk Lira.

Of the long term total credit debts, 51.2% is of financial agencies, 48.8% is of non-financial agencies. In the same period, of short term total credit debt, 75.6% is of financial agencies, 24.4% is of non-financial agencies.

Banks’ borrowings of credit type increased USD 672 million

Compare to previous year, banks’ borrowings of credit type increased USD 672 million, bond export type borrowings increased USD 1.4 billion to reach USD 31.7 billion. In the same period, non-banking financial agencies’ borrowings of credit type increased USD 277 million, bond stock increased USD 2.5 million to reach USD 4.4 billion.

Non-financial agencies’ borrowings of credit type increased USD 2.0 billion, bond stock increased USD 510 million to reach USD 7.5 billion. In terms of short term credit debt, compared to end-2017, banks’ borrowings of credit type decreased USD 233 million to be USD 11.3 billion; non-financial agencies’ borrowings of credit type increased USD 647 million to reach USD 4.5 billion.