7/20/2020
Short Term Foreign Debt Stock is USD 123.5 Billion As of End-May
Short term debt of public sector, entirely of public banks banks increased 2.6% to reach USD 25,7 billion compared to end-2019, private sector short term foreign debt decreased 13% to be USD 78.4 billion...
Republic of Turkey Central Bank (TCMB) has released short term foreign debt stock data as of end-May. Accordingly, short term foreign debt stock decreased 0.1% to be USD 123.5 billion compared to end-2019. Short term foreign debt stock’s foreign currency composition is that 41.8% is USD, 28% is euro, 14.1% is TL and 16.1% is other foreign currencies. Banks originated short term foreign debt stock decreased 2.1% to be USD55 billion, other sectors’ short term foreign debt stock decreased 16.8% to be USD49.1 billion. Short term credits used by banks from abroad decreased 5.8% According to data released by Central Bank, short term credits used by banks from abroad decreased 5.8% compared to end- 2019 to be USD 7.3 billion. Foreign currency saving accounts of settlers abroad, bank excluded, decreased 0.2% to be USD 21 billion, saving accoounts of foreign settling banks decreased 18.2% to be USD 11.2 billion. Meanwhile, TL saving accounts of settlers abroad increased 13.2% compared to end-2019 to be USD15.4 billion. Import debts under the title of other sectors decreased 14.7% compared to end- 2019 to be USD43.2 billion. Private sector short term foreign debt decreased 13% In terms of debtors, short term debt of public sector entirely composed of public banks, increased 2.6% to reach USD 25.7 bilion compared to end- 2019, private sector short term foreign debt decreased 13% to be USD78.4 billion. In terms of creditors, short term debts to monetary agencies under the title of private receivables increased 19.7% to reach USD 54.7 billion compared to end-2019, debts of on-monetary agencies decreased 11.9% to be USD 68.3 billion. Short term bond exports which was USD 67 million in end-2019, increased 149.3% to be USD 167 million as of end-May 2020. In the same period, short term debts to official creditors has been USD 323 million. Foreign debt stock with one year or lesser term is USD169.5 billion As of end-May 2020, short term foreign debt stock of 1 year or lesser term, without considering the original term, has been USD169.5 billion . Of this, USD 16 billion part is composed of debts of Turkey settled banks to private sector branches and participations abroad. In terms of debtor, public sector share in total stock is 23.2%, Central Bank is 11.4%, private sector 65.4%.
Annual Report
