Loans   Macro Indicators

6/17/2020

Long Term Credit Debt Secured by Private Sector From Abroad is USD 173.6 Billion As of End-April

Of USD 173.6 billion long term total credit debt, 41.9% is of financial agencies, 58.1% is of non-financial establishments’ debts. In the same period, of USD 8.1 billion short term total credit debt, 76% is of financial agencies, 24% is of non-financial establishmentın debts...

Republic of Turkey Central Bank (TCMB) has released April 2020 data on private sector credits secured from abroad. Accordingly, as of end-April, private sector long term credit debt decreased USD 7.4 billion compared to end- 2019, 
to be USD 173.6 billion, short term credit debt (commercial credits excluded) decreased USD 895 million to be USD 8.1 billion.

Of the total long-term loans in the amount of USD 173.6 billion, 62.0 percent consists of USD, 33.5 percent consists of Euro, 2.8 percent consists of the Turkish lira and 1.7 percent consists of other currencies. Of the total short-term loans in the amount of USD 8.1 billion, 38.8 percent consists of USD, 34.3 percent consists of Euro, 25.6 percent consists of the Turkish lira and 1.3 percent consists of other currencies.

Of the total long-term loans in the amount of USD 173.6 billion,  41.9 percent consists of liabilities of the financial institutions; whereas  58.1 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 8.1 billion, 76.0 percent consists of liabilities of the financial institutions. whereas 24.0 percent consists of liabilities of the non-financial institutions.

Banks’ loan liabilities decreased by USD 1.7 billion

Regarding the long-term loans, banks’ loan liabilities decreased by USD 1.7 billion; whereas bond liabilities amounted to USD 20.2 billion, decreasing by USD 1.1 billion in comparison to the end of 2019. In the same period, non-bank financial institutions’ loan liabilities decreased by USD 1.1 billion; whereas bond liabilities amounted to USD 2.8  billion, decreasing by USD 875  million. Non-financial institutions’ loan liabilities recorded a decrease of USD 1.6 billion in comparison to the end of 2019; while bond liabilities amounted to USD 7.5 billion, decreasing by USD 25 million as of April.

Regarding the short-term loans, banks’ loan liabilities realized as USD 5.0 billion, decreasing by USD 652 million; whereas non-financial institutions’ loan liabilities realized as USD 1.7 billion, decreasing by USD 24 million in comparison to the end of 2019.

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 42.9 billion for the next 12 months by the end of April.