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CBRT - External debt maturing within one year at $192 billion

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Short-term external debt stock on a remaining maturity basis, calculated based on the external debt maturing within one year or less regarding of the original maturity, recorded 192 billion dollars, according to the Short-Term External Debt Statistics Developments data, released by the Central Bank of the Republic of Turkey (CBRT) on Friday.

NEWS IN ENGLISH 16.04.2021, 11:49
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CBRT - External debt maturing within one year at $192 billion
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A total of 19.9 billion dollars belongs to the resident banks and private sectors to the banks’ branches and affiliates abroad. From the borrowers' side, the public sector accounted for 23.0 percent, Central Bank accounted for 11.9 percent and the private sector accounted for 65.1 percent in total stock.


Short-term external debt stock recorded 141.2 billion dollars at the end of February, indicating an increase of 2.0 percent compared to the end of 2020. Specifically, in this period, banks’ short-term external debt stock increased by 6.1 percent to 61.5 billion dollars and other sectors’ short-term external debt stock decreased by 3.7 percent to 56.9 billion dollars.


Short-term FX loans of the banks received from abroad increased by 0.8 percent to 8.9 billion dollars. FX deposits of non-residents (except banking sector) within residents banks decreased by 0.5 percent in comparison to the end of 2020 recording 20.0 billion dollars, and FX deposits of non-resident banks recorded 14.6 billion dollars increasing by 10.2 percent. In addition, non-residents’ Turkish lira deposits increased by 14.1 percent and recorded 17.9 billion dollars.


Trade credits due to imports under other sectors recorded 51.1 billion dollars reflecting a decrease of 4.1 percent compared to the end of 2020.


From the borrowers' side, the short-term debt of the public sector, which consists of public banks, increased by 10.1 percent to 28.2 billion dollars and the short-term debt of the private sector decreased by 1.4 percent to 90.1 billion dollars compared to the end of 2020.


From the creditors' side, short-term debt to monetary institutions under private creditors item increased by 8.4 percent to 66.0 billion dollars and short-term debt to non-monetary institutions decreased by 3.1 percent to 74.6 billion dollars. Short-term bond issues amounted to 454 million dollars as of the end of February decreasing from 464 million dollars observed at the end of 2020. In the same period, short-term debt to official creditors recorded 119 million dollars.


As of the end of February, the currency breakdown of short-term external debt stock composed of 43.5 percent US dollars, 27.1 percent euro, 14.5 percent Turkish lira and 14.9 percent other currencies.

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