The private sector’s outstanding foreign loans in October totaled USD 169.8bn, down by USD 3.1bn compared to the end of 2020, according to the Central Bank
The short-term loans – excluding trade credits – of the sector received from abroad were USD 8.4bn as of October, down by USD 1.3bn from the end of last year.
Some 83.3% of short-term loans consisted of the liabilities of financial institutions, while 16.7% was made up of liabilities of the non-financial institutions.
Broken down by currency, 36% of the country’s short-term credit was in EUR, 37.8% in USD, 21.9% in TRY, and 4.3% in other currencies.
The bank said 40.1% of the total long-term foreign loans were owed by financial institutions.
“Regarding the currency composition, of the total long-term loans in the amount of USD 161.4bn, 62.3% consists of USD, 33.9% consists of EUR, 2% consists of TRY and 1.8% consists of other currencies,” the Central Bank said.
The private sector’s total outstanding loans received from abroad, based on a remaining maturity basis, point to principal repayments of USD 42.2bn for the next 12 months by the end of October.
Leave a Reply