June 20, 2022

Short-Term External Debt Statistics Developments in Türkiye – April 2022

  • Short-term external debt stock recorded USD 133.4 billion at the end of April, indicating an increase of 9.6 percent compared to the end of 2021. Specifically, in this period, banks’ short-term external debt stock increased by 7.3 percent to USD 55.3 billion and other sectors’ short-term external debt stock increased by 10.2 percent to USD 48.6 billion.
  • Short-term FX loans of the banks received from abroad increased by 3.2 percent to USD 11.5 billion. FX deposits of non-residents (except banking sector) within residents banks decreased by 1.4 percent in comparison to the end of 2021 recording USD 15.1 billion, and FX deposits of non-resident banks recorded USD 16.9 billion increasing by 8.2 percent. In addition, non-residents’ Turkish lira deposits increased by 24.5 percent and recorded USD 11.8 billion.
  • Trade credits due to imports under other sectors recorded USD 43.1 billion reflecting an increase of 11.0 percent compared to the end of 2021.
  • From the borrowers side, the short-term debt of public sector, which consists of public banks, increased by 10.4 percent to USD 24.5 billion and the short-term debt of private sector increased by 8.1 percent to USD 79.4 billion compared to the end of 2021.
  • From the creditors side, short-term debt to monetary institutions under private creditors item increased by 11.3 percent to USD 70.8 billion and short-term debt to non-monetary institutions increased by 7.6 percent to USD 62.1 billion. Short-term bond issues amounted to 459 million as of the end of April decreasing from USD 460 million observed at the end of 2021. In the same period, short-term debt to official creditors recorded USD 74 million.
  • As of end of April, the currency breakdown of short-term external debt stock composed of 45.5 percent US dollars, 24.9 percent euro, 9.9 percent Turkish lira and 19.7 percent other currencies.
  • Short-term external debt stock on a remaining maturity basis, calculated based on the external debt maturing within 1 year or less regarding of the original maturity, recorded USD 182.4 billion, of which USD 17.8 billion belongs to the resident banks and private sectors to the banks’ branches and affiliates abroad. From the borrowers side, public sector accounted for 19.4 percent, Central Bank accounted for 16.1 percent and private sector accounted 64.5 percent in total stock.

Source: Central Bank of the Republic of Türkiye
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