The Central Bank of the Republic of Turkey (CBRT) published the developments in the loan debt of the private sector from abroad for the period of June 2023.

Accordingly, in June, the total loan debt of the private sector from abroad decreased by 3.2 billion dollars compared to the end of 2022 and decreased to 154.6 billion dollars. In this period, the private sector’s long-term loan debt from abroad decreased by 3.9 billion dollars to 145.8 billion dollars, while short-term loan debt (excluding commercial loans) increased by 676 million dollars to 8.8 billion dollars.

Compared to the end of June 2022, the borrowings of banks in the form of loans increased by 8 million dollars, while their borrowings in the form of bond issuance decreased by 1.5 billion dollars to 12.3 billion dollars. During this period, non-banking financial institutions’ borrowings in the form of loans decreased by $40 million. Bond stock also fell by $1.2 billion to $1.2 billion.

In the same period, it was observed that non-financial institutions’ borrowings in the form of loans decreased by 315 million dollars, while the bond stock decreased by 902 million dollars to 8.6 billion dollars.

Compared to the end of June 2022 regarding short-term loan debt, the borrowings of banks in the form of loans increased by $33 million to $5.1 billion, while the borrowings of non-financial institutions in the form of loans increased by $495 million to $1.6 billion.

As of the end of June, debt to private creditors excluding bonds regarding long-term loan debt increased by $1.3 billion compared to the end of last year and reached $103.7 billion. In this period, debt to private creditors, excluding bonds for short-term loan debt, increased by $198 million to $7.7 billion.

59% of the long-term loan debt was in dollars, 36.4 percent in euros, 1.9 percent in Turkish lira and 2.7 percent in other currencies. On the other hand, 39.1 percent of short-term loan debt was realized in dollars, 38.2 percent in euros, 15.6 percent in Turkish lira and 7.1 percent in other currencies.

On the other hand, financial institutions accounted for 34.7 percent of the total long-term loan debt and non-financial institutions for 65.3 percent. 76.1 percent of the total short-term loan debt consisted of financial institutions and 23.9 percent of non-financial institutions’ debts.

When the total loan debt of the private sector from abroad is analyzed according to the remaining maturity as of the end of June, it was calculated that the principal repayments to be made within 1 year totaled 42.5 billion dollars.

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