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.

Data are available as time series in EVDS. Click here for access.

Developments in Private Sector's Outstanding Loans Received From Abroad - December 2019

  • As regards the private sector’s outstanding loans received from abroad, long-term loans recorded USD 191.5 billion as of December, decreasing by USD 17.2 billion; whereas short-term loans (excluding trade credits) realized USD 9.5 billion, decreasing by USD 5.8 billion in comparison to the end of 2018.
  • From the borrower’s side, regarding long-term loans, banks’ loan liabilities decreased by USD 8.6 billion; whereas bond liabilities amounted to USD 27.2 billion, decreasing by USD 1.3 billion in comparison to the end of 2018. In the same period, non-bank financial institutions’ loan liabilities decreased by USD 3.5 billion; whereas bond liabilities amounted to USD 3.7 billion, decreasing by USD 557 million. Non-financial institutions’ loan liabilities recorded a decrease of USD 2.9 billion in comparison to the end of 2018; while bond liabilities amounted to USD 7.5 billion, increasing by USD 1.1 billion as of December. Regarding short-term loans, banks’ loan liabilities realized as USD 6.2 billion, decreasing by USD 3.2 billion; whereas non-financial institutions’ loan liabilities realized as USD 1.7 billion, decreasing by USD 1.6 billion in comparison to the end of 2018.
  • From the creditor’s side, regarding long-term loans, liabilities to private creditors excluding bonds amounted to USD 127.6 billion, decreasing by USD 17.2 billion compared to the end of the previous year. Regarding short-term loans, liabilities to private creditors excluding bonds amounted to USD 9.0 billion decreasing by USD 5.8 billion compared to the end of the previous year.
  • Regarding the currency composition, of the total long-term loans in the amount of USD 191.5 billion. 61.2 percent consists of USD, 33.4 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 9.5 billion, 45.2 percent consists of USD, 32.2 percent consists of Euro, 22.1 percent consists of Turkish lira and 0.5 percent consist of other currencies.
  • As for the sectoral breakdown by the end of December, of the total long-term loans in the amount of USD 191.5 billion, 46.2 percent consists of liabilities of the financial institutions; whereas 53.8 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 9.5 billion, 78.8 percent consists of liabilities of the financial institutions. whereas 21.2 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 50.7 billion for the next 12 months by the end of December.

Data - December 2019

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