Outstanding Loans Received from Abroad by Private Sector
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 - September 2023
- Private sector’s total outstanding loans received from abroad recorded USD 157.2 billion as of September, decreasing by USD 1.4 billion. With regards to the maturity, long-term loans recorded USD 148.7 billion as of September, decreasing by USD 1.8 billion; whereas short-term loans (excluding trade credits) realized USD 8.5 billion, increasing by USD 383 million in comparison to the end of 2022.
- From the borrower’s side, regarding long-term loans, banks’ loan liabilities increased by USD 1.3 billion; whereas bond liabilities amounted to USD 13.7 billion, decreasing by USD 98 million in comparison to the end of 2022. In the same period, non-bank financial institutions’ loan liabilities decreased by USD 128 million; whereas bond liabilities amounted to USD 1.2 billion, decreasing by USD 1.2 billion. Non-financial institutions’ loan liabilities recorded a decrease of USD 1.1 billion in comparison to the end of 2022; while bond liabilities amounted to USD 9.0 billion, decreasing by USD 523 million as of September. Regarding short-term loans, banks’ loan liabilities realized as USD 4.5 billion, decreasing by USD 487 million; whereas non-financial institutions’ loan liabilities realized as USD 1.8 billion, increasing by USD 673 million in comparison to the end of 2022.
- From the creditor’s side, regarding long-term loans, liabilities to private creditors excluding bonds amounted to USD 104.4 billion, increasing by USD 1.2 billion compared to the end of the previous year. Regarding short-term loans, liabilities to private creditors excluding bonds amounted to USD 7.6 billion, increasing by USD 49 million compared to the end of the previous year.
- Regarding the currency composition, of the total long-term loans in the amount of USD 148.7 billion, 59.5 percent consists of USD, 35.4 percent consists of Euro, 2.2 percent consists of Turkish lira and 2.9 percent consists of other currencies and of the total short-term loans in the amount of USD 8.5 billion, 37.8 percent consists of USD, 35.2 percent consists of Euro, 20.7 percent consists of Turkish lira and 6.3 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 148.7 billion, 35.8 percent consists of liabilities of the financial institutions; whereas 64.2 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 8.5 billion, 73.4 percent consists of liabilities of the financial institutions; whereas 26.6 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 44.9 billion for the next 12 months by the end of September.
(*) Figures may not add up to totals due to rounding.