November 23, 2022

Developments in Turkish Private Sector’s Outstanding Loans Received From Abroad – September 2022

  • Private sector’s total outstanding loans received from abroad recorded USD 160.9 billion as of September, decreasing by USD 7.8 billion. With regards to the maturity, long-term loans recorded USD 153.5 billion as of September, decreasing by USD 7.8 billion; whereas short-term loans (excluding trade credits) realized USD 7.5 billion, increasing by USD 39 million in comparison to the end of 2021.
  • From the borrower’s side, regarding long-term loans, banks’ loan liabilities decreased by USD 3.6 billion; whereas bond liabilities amounted to USD 16.4 billion, decreasing by USD 3.6 billion in comparison to the end of 2021. In the same period, non-bank financial institutions’ loan liabilities decreased by USD 581 million; whereas bond liabilities amounted to USD 1.8 billion, decreasing by USD 11 million. Non-financial institutions’ loan liabilities recorded an increase of USD 540 million in comparison to the end of 2021; while bond liabilities amounted to USD 10.3 billion, increasing by USD 188 million as of September. Regarding short-term loans, banks’ loan liabilities realized as USD 4.8 billion, increasing by USD 16 million; whereas non-financial institutions’ loan liabilities realized as USD 1.3 billion, increasing by USD 408 million in comparison to the end of 2021.
  • From the creditor’s side, regarding long-term loans, liabilities to private creditors excluding bonds amounted to USD 105.2 billion, decreasing by USD 2.1 billion compared to the end of the previous year. Regarding short-term loans, liabilities to private creditors excluding bonds amounted to USD 7.2 billion, increasing by USD 163 million compared to the end of the previous year.
  • Regarding the currency composition, of the total long-term loans in the amount of USD 153.5 billion, 66.1 percent consists of USD, 30.5 percent consists of Euro, 1.6 percent consists of Turkish lira and 1.8 percent consists of other currencies and of the total short-term loans in the amount of USD 7.5 billion, 41.3 percent consists of USD, 39.1 percent consists of Euro, 16.9 percent consists of Turkish lira and 2.7 percent consist of other currencies.
  • As for the sectoral breakdown by the end of September, of the total long-term loans in the amount of USD 153.5 billion, 36.8 percent consists of liabilities of the financial institutions; whereas 63.2 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 7.5 billion, 77.5 percent consists of liabilities of the financial institutions; whereas 22.5 percent consists of liabilities of the non-financial institutions.
  • 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 42.1 billion for the next 12 months by the end of September.

Source: Central Bank of the Republic of Türkiye
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.