Outstanding Loans Received from Abroad by Private Sector

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Detailed data for the private sector’s long and short-term loans received from abroad are compiled from credit based forms submitted by resident banks and firms.

These flow data are recorded in the Balance of Payments Statistics by the Central Bank of Turkey in compliance with the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6) prepared by the International Monetary Fund (IMF).

The stock data, which are derived from the disbursements and repayments and converted to USD at end-of-period exchange rates, are recorded in the International Investment Position by the Central Bank in compliance with the IMF’s External Debt Statistics- Guide for Compilers and Users.

Developments in Private Sector's Outstanding Loans Received From Abroad - August 2018

  • As regards private sector’s outstanding loans received from abroad, long-term loans recorded USD 219.4 billion as of August, decreasing by USD 2,4 billion whereas short-term loans (excluding trade credits) realized USD 17.0 billion, decreasing by USD 1.6 billion in comparison to the end of 2017.
  • From the borrower’s side, regarding long-term loans, banks’ loan liabilities decreased by USD 2.6 billion whereas bond liabilities amounted to USD 30 billion, decreasing by USD 502 million in comparison to the end of 2017. In the same period, non-bank financial institutions’ loan liabilities decreased by USD 714 million; whereas bond liabilities amounted to USD 3.7 billion, decreasing by USD 841 million. Non-financial institutions’ loan liabilities recorded an increasing of USD 3.2 billion in comparison to the end of 2017; while bond liabilities amounted to USD 7.5 billion, increasing by USD 532 million, as of August. Regarding short-term loans, banks’ loan liabilities realized as USD 11.7 billion decreasing by USD 926 million; whereas non-financial institutions’ loan liabilities realized as USD 3.4 billion, increasing by USD 233 million in comparison to the end of 2017.
  • From the creditor’s side, regarding long-term loans, liabilities to private creditors excluding bonds amounted to USD 152.3 billion, decreasing by USD 611 million compared to the end of the previous year. Regarding short-term loans, liabilities to private creditors excluding bonds amounted to USD 15.4 billion decreasing by USD 2.5 billion compared to the end of the previous year.
  • Regarding the currency composition, of the total long-term loans in the amount of USD 219.4 billion, 60.2 percent consists of USD, 34.9 percent consists of Euro, 3.2 percent consists of Turkish lira and 1.7 percent consists of other currencies and of the total short-term loans in the amount of USD 17.0 billion, 49.5 percent consists of USD, 33.4 percent consists of Euro, 17.0 percent consists of Turkish lira and 0.1 percent consists of other currencies.
  • As for the sectoral breakdown by the end of August, of the total long-term loans in the amount of USD 219.4 billion, 49.5 percent consist of liabilities of the financial institutions, whereas 50.5 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 17.0 billion, 77.8 percent consists of liabilities of the financial institutions, whereas 22.2 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 68.7 billion for the next 12 months by the end of August.

Data - August 2018

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