Macro Snapshot: Outstanding External Loans Received by Private Sector, June 2021

In June, private sectors’ outstanding short term loans decreased by USD0.2bn to USD9.5bn whereas long term loans increased by USD0.7bn to USD164.5bn. Hence, total
outstanding external loans received by private sector increased by USD0.5bn to USD175bn in June compared to end of 2020. Private sector’s external loans to GDP ratio
was 23.9% according to the latest figures (2020: 24.2%).

Regarding long-term loans, liabilities to private creditors excluding bonds amounted to
USD108.7bn, decreasing by USD0.8bn compared to the end of the previous year.

Share of USD loans in total at 60.1% (2020: 60.8%).

External credit redemption was USD7.2bn in June. Redemption Outlook seemed more stable until November. It would be at USD3.9bn in July and USD3.4bn in August.

The cumulative share of top 5 creditors is at 65.5%.

Nonfinancial sectors’ short term debt remained stable at USD1.5bn with respect to 2020-end. On the other hand, financial sectors’ short term debt decreased by USD198mn (banks’ decreased by USD177mn to USD6.6bn) to USD8bn at the same period. Accordingly, total outstanding short term loans decreased by USD200mn to USD9.5bn at the end of June 2021.

The cumulative share of top 5 creditors is at 44.4%.

The planned redemption until 12 months constitutes 19.5% of the LT debt stock as of June 2021.

LT loans belongs to financial sector decreased by USD3.7bn to USD69.7bn whereas non-financial sector’s LT loans increased by USD4.4bn (mainly driven by construction) to USD91.2bn in comparison the end of 2020.



Source: Y. F. Securities Research