Private Sector's External Loans Exceeded $216 Billion İn 2015

Private sector's outstanding loans received from abroad increased to 216.7 billion dollars in the end of last year.

According to Central Bank data, private sector's long-term loans recorded 195.9 billion dollars as of December, increasing by 26.7 billion dollars whereas short-term loans, excluding trade credits, fell to 20.8 billion dollars, decreasing by 23.5 billion dollars in comparison to the end of 2014.

In the same term, banks' loan liabilities rose by 19.0 billion dollars and bond liabilities rose by 837 million dollars in comparison to the end of 2014. Also, non-bank financial institutions' loan liabilities fell by 205 million dollars; whereas bond liabilities increased by 286 million dollars amounting to 3.4 billion dollars.

Non-financial institutions' loan liabilities recorded an increase of 5.5 billion dollars in comparison to the end of 2014; while bond liabilities increased by 745 million dollars amounting to 5.7 billion dollars in the same period.

Short-term loans, banks' and non-financial institutions' loan liabilities decreased by 20.8 billion dollars and 659 million dollars respectively to 14.9 billion and 2.0 billion dollars, in comparison to the end of 2014.

According to Central Bank data, from the creditors' side, regarding long-term loans, liabilities to private creditors, which account for 89.9 percent of the outstanding long-term loan stock excluding bonds increased by 24.7 billion dollars compared to the end of 2014.

By the end of December, 59.1 percent was borrowed by the services sector, 40.5 percent by the industrial sectors and 0.4 percent by the agricultural sector, of the 91.0 billion dollars liabilities of the non-financial institutions, which account for 46.5 percent of the total long-term loans,

In the same term, financial institutions' 18.6 billion dollars of liabilities accounted for 89.5 percent of the total short-term loans.

Private sector's total external loans on a remaining maturity basis point out to principal repayments in the amount of 70.7 billion dollars for the next 12 months by the end of December, according to the statement of Central Bank. - Istanbul