6/18/2020
Short Term Foreign Debt Stock is Recorded as $ 115.2 Billion as of the End of April
Short term debts of the public sector entirely consisting of public banks realized as $ 24.8 billion decreasing by 1.0 percent compared to the end of 2019 whereas the short term debt stock of the private sector realized as $ 81.1 billion decreasing by 10.1 percent...
Central Bank of the Turkish Republic has released the short term foreign debt data as of the end of April. Short term foreign debt stock realized as $ 115.2 billion as of the end of April decreasing by 6.8 % compared to the end of 2019. The composition of the short term foreign debt stock constitutes of debts at a rate of 47.2% in US dollars, 29.7% in Euros, 14.4% in TL and 8.7% in other currencies. Short term credits secured from abroad by banks realized at a level of $ 53.5 billion decreasing by 4.9 percent as the short term debt stock of other sectors realized at a level of $ 52.4 billion decreasing by 11.2 percent. Short term credits secured from abroad by banks decreased by 9.6 percent According to data released by the Central Bank, short term credits secured from abroad by banks realized as $ 7 billion decreasing by 9.6 percent compared to the end of 2019. Foreign exchange deposit accounts of residents abroad except banks reached US$ 20.9 billion decreasing by 0.9 % and deposit accounts of banks resident abroad realized as US$ 11.3 billion decreasing by 17.6 %. Also, the deposit accounts of residents abroad in terms of TL realized at a level of US$ 14.2 billion increasing by 4.5 % compared to the end of last year. Import debts recorded under the heading of other sectors realized at a level of $ 45.8 billion decreasing by 9.5 percent compared to the end of 2019. The short term debt stock of the private sector decreased by 10.1 percent Taking a look at the debt stock in terms of debtors, it is observed that short term debts of the public sector entirely consisting of public banks realized as US$ 24.8 billion decreasing by 1.0 percent compared to the end of 2019 whereas the short term debt stock of the private sector realized as $ 81.1 billion decreasing by 10.1 %. As for the debt stock in terms of creditors, short term loans to monetary institutions under the heading of special creditors realized at a level of US$ 43.8 billion decreasing by 4.3 % and debts to non-monetary institutions realized at a level of US$ 70.9 billion decreasing by 8.3 %. Short term bonds which were recorded as US$ 67 million at the end of 2019 realized at a level of US$ 191 million as of the end of April 2020 increasing by 185.1 % and short term debts to official creditors were recorded as $ 301 million in the given period. Foreign debt stock with a remaining maturity of 1 year or less is recorded as $ 16.5 billion Foreign debt stock with a remaining maturity of 1 year or less as of the end of April 2020 notwithstanding the original maturity is recorded as $ 16.5 billion. The US$ 16.5 billion part of the said stock consisted of debts undertaken by banks resident in Turkey and the private sector to foreign branches and subsidiaries. Taking a look at the debt stock in terms of debtors, it is observed that the public sector represents 23.9 % of the total debt stock, the Central Bank represents 5.7 percent and the private sector represents a share of 70.4 percent.
Annual Report
