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 - October 2018

  • As regards private sector’s outstanding loans received from abroad, long-term loans recorded USD 213.0 billion as of October, decreasing by USD 9.1 billion whereas short-term loans (excluding trade credits) realized USD 15.9 billion, decreasing by USD 2.7 billion in comparison to the end of 2017.
  • From the borrower’s side, regarding long-term loans, banks’ loan liabilities decreased by USD 7.1 billion whereas bond liabilities amounted to USD 28.9 billion, decreasing by USD 1.6 billion in comparison to the end of 2017. In the same period, non-bank financial institutions’ loan liabilities decreased by USD 869 million; whereas bond liabilities amounted to USD 3.7 billion, decreasing by USD 893 million. Non-financial institutions’ loan liabilities recorded an increasing of USD 2.5 billion in comparison to the end of 2017; while bond liabilities amounted to USD 7.0 billion, increasing by USD 10 million, as of October. Regarding short-term loans, banks’ loan liabilities realized as USD 10.0 billion decreasing by USD 2.7 billion; whereas non-financial institutions’ loan liabilities realized as USD 3.6 billion, increasing by USD 412 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 148.4 billion, decreasing by USD 4.7 billion compared to the end of the previous year. Regarding short-term loans, liabilities to private creditors excluding bonds amounted to USD 14.3 billion decreasing by USD 3.5 billion compared to the end of the previous year.
  • Regarding the currency composition, of the total long-term loans in the amount of USD 213.0 billion, 59.9 percent consists of USD, 34.7 percent consists of Euro, 3.8 percent consists of Turkish lira and 1.6 percent consists of other currencies and of the total short-term loans in the amount of USD 15.9 billion, 45.0 percent consists of USD, 33.8 percent consists of Euro, 21.1 percent consists of Turkish lira and 0.1 percent consists of other currencies.
  • As for the sectoral breakdown by the end of October, of the total long-term loans in the amount of USD 213.0 billion, 48.3 percent consist of liabilities of the financial institutions, whereas 51.7 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 15.9 billion, 74.3 percent consists of liabilities of the financial institutions, whereas 25.7 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 64.8 billion for the next 12 months by the end of October.

Data - October 2018

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