Private sector’s long-term debt down USD 2.2bn in April

Outstanding short- and long-term debts of the country’s private sector totaled USD 171.5bn in April, down by USD 2.2bn compared to the end of 2020, according to the Central Bank.

Private sector’s long-term debt fell by USD 2.1bn to USD 161.9bn in April over the same period.

The sector’s short-term overseas loans, excluding trade credits, totaled USD 9.6bn in April, down USD 161m compared to the end of last year.

Some 83.7% of short-term loans consisted of the liabilities of financial institutions, the Central Bank said.

Broken down by currency, the majority of the country’s short-term credit, 37.6%, was in USD, while 37.4% was in EUR, 21.6% in TRY, and 3.4% in other currencies.

The Central Bank said 42.6% of the total long-term foreign loans were owed by financial institutions and 57.4% by non-financial institutions.

On their currency composition, long-term loans totaled USD 161.9bn, with 62.5% consisting of USD, 33.5% in EUR, 2.2% in TRY, and 1.8% in other currencies, it added.

Based on a remaining maturity basis, the private sector’s total outstanding foreign loans indicate principal repayments of USD 42.8bn over the next 12 months by the end of April.

Leave a Reply

Your email address will not be published.