Deniz Kılınç / Istanbul, June 17 (HNA) – Turkey’s short term external debt stock on a remaining maturity basis, calculated based on the external debt maturing within 1 year or less regarding of the original maturity, reached 182.4 billion dollars as of April, renewing its previous record of 181.4 billion dollars in March.
Central Bank data revealed that short term external debt stock increased by 9.6 percent to 133.4 billion dollars at the end of April compared to the end of 2021. During this period, banks’ short term external debt stock other sectors’ short-term external debt stock rose by 7.3 percent to 55.3 billion dollars and by 10.2 percent to 48.6 billion dollars, respectively.
Short-term FX loans of the banks received from abroad increased by 3.2 percent to 11.5 billion dollars. FX deposits of non-residents (except banking sector) within residents banks decreased by 1.4 percent to 15.1 billion dollars, and FX deposits of non-resident banks increased by 8.2 percent to 16.9 billion dollars compared to the end of 2021. Also, non-residents’ Turkish lira deposits increased by 24.5 percent to 11.8 billion dollars.
Trade credits due to imports under other sectors rose by 11 percent to 43.1 billion dollars in April compared to the end of 2021.
According to Central Bank data;
“From the borrowers side, the short-term debt of public sector, which consists of public banks, increased by 10.4 percent to 24.5 billion dollars and the short-term debt of private sector increased by 8.1 percent to 79.4 billion dollars compared to the end of 2021.
“From the creditors side, short-term debt to monetary institutions under private creditors item increased by 11.3 percent to 70.8 billion dollars and short-term debt to non-monetary institutions increased by 7.6 percent to 62.1 billion dollars. Short-term bond issues decreased to 459 million dollars from 460 million dollars at the end of April compared to the end of 2021. In the same period, short-term debt to official creditors recorded 74 million dollars.
45 percent of debt is in dollars
“As of end of April, the currency breakdown of short-term external debt stock composed of 45.5 percent US dollars, 24.9 percent Euro, 9.9 percent Turkish lira and 19.7 percent other currencies.
“Short-term external debt stock on a remaining maturity basis, calculated based on the external debt maturing within 1 year or less regarding of the original maturity, recorded 182.4 billion dollars, of which 17.8 billion dollars belongs to the resident banks and private sectors to the banks’ branches and affiliates abroad. From the borrowers’ side, public sector accounted for 19.4 percent, Central Bank accounted for 16.1 percent and private sector accounted 64.5 percent in total stock.”