THE PRIVATE SECTOR'S FOREIGN CREDIT DEBT INCREASE

The Central Bank of the Republic of Turkey (CBRT) has published the developments regarding the loan debt situation of the private sector from abroad for the period of June 2021.
 
According to these data, as of the end of June, the total loan debt of the private sector from abroad increased by 486 million dollars compared to the end of 2020 and reached 174 billion dollars. Compared to the end of last year, the long-term loan debt of the private sector from abroad increased by 686 million dollars to 164.5 billion dollars, while the short-term loan debt decreased by 200 million dollars to 9.5 billion dollars.
 
When we look at the distribution by creditor, we see that the borrowings of banks in the form of long-term loans decreased by 2.2 billion dollars compared to the end of last year, and their borrowings for bond issues decreased by 789 million dollars to 20.8 billion dollars.
 
While the loan borrowings of non-bank financial institutions decreased by 716 million dollars, the bond stock was at the level of 2.3 billion dollars. Non-financial corporations' borrowings in the form of loans also increased by 3 billion dollars, while the stock of bonds increased by 1.9 billion dollars to 9.6 billion dollars.
 
Banks' short-term loan borrowings decreased by 387 million dollars compared to the end of last year to 6.2 billion dollars, and non-financial institutions' loan borrowings decreased by 20 million dollars to 1.3 billion dollars.