Short-term external debt increased by 15%

SHAFAQNA TURKEY – Accordingly, the volume of short-term external debt increased by 14.7 percent in September compared to the end of 2021, amounting to $139.5 billion. During this period, the volume of short-term external debt of banks increased by 9.6 percent to $56.3 billion, while the volume of short-term external debt of other sectors increased by 16.1 percent to $51.2 billion.

Short-term loans used by banks from abroad decreased by 10.1% in September compared to the end of 2021 and decreased to $9.9 billion.

During this period, foreign currency deposits of non-residents, excluding banks, increased by 14.8 percent to $17.6 billion, while deposits of non-resident banks increased by 14 percent to $17.8 billion. Non-resident deposits in TL increased by 16.7 percent to $11 billion.

Import debt for other industries increased by 18.4 percent in September compared to the end of 2021 and reached $46 billion.

The short-term external debt of the private sector is $81.5 billion.

When analyzed by debtor, short-term public sector debt, which is entirely state-owned banks, increased by 17.2 percent compared to the end of 2021, reaching $26 billion, while short-term external debt of the private sector increased by 11.2 percent to $81.5 billion.

During this period, short-term debt to financial institutions under private creditors increased by 13.7 percent to $72.1 billion, while debt to non-monetary institutions increased by 16.1 percent to $67.0 billion.

Issues of short-term bonds, which at the end of last year amounted to $460 million, fell to $292 million at the end of September. During the same period, short-term debt to official creditors was recorded at $94 million.

As of the end of September, 46.7% of short-term external debt was denominated in dollars, 25.2% in euros, 8.8% in Turkish lira and 19.3% in other currencies.

At the end of September, short-term external debt by remaining maturity, which is calculated using data on external debt with a maturity of 1 year or less, regardless of its original maturity, amounted to USD 185.3 billion. $15.5 billion of said capital consisted of debt owed to overseas affiliates and subsidiaries of banks and the private sector located in Turkey.

When assessed on the basis of debtors, it was seen that the public sector accounted for 20.1 percent, the Central Bank for 17.3 percent, and the private sector for 62.6 percent of total assets. World