Outstanding loans received from abroad by private sector was USD173.3bn at the end of July.
This figure was USD173.5bn at the end of 2020. Private sector’s total outstanding loans received from abroad based on a remaining maturity basis; point out to principal repayments in the amount of USD42.1bn for the next 12 months by the end of July.
In the attachment, please find our remarks on Outstanding External Loans Received by Private Sector for month of July.
In July, private sectors’ outstanding ST debt (included trade credits) increased by USD3.5bn to USD45.8bn compared to end of 2020. ST financial debt decreased by USD0.2bn to USD9.5bn while ST trade credits increased by USD3.8bn to USD36.3bn. LT debt increased by USD0.1bn to USD163.8bn.
Hence, total external loans of private sector increased by USD3.6bn to USD209.6bn. Private sector’s external loans to GDP ratio was 27.4% according to the latest figures
(2020: 28.7%). When trade credits excluded, total external loans of private sector was decreased by USD0.1bn to USD173.3bn.
Regarding long-term loans, liabilities to private creditors excluding bonds amounted to USD107.7bn, decreasing by USD1.6bn compared to the end of the previous year.
Share of USD loans in total at 59.8% (2020: 60.8%).
External credit redemption was USD3.9bn in July. Redemption Outlook seemed more stable until November. It would be at USD4.8bn in August and USD3.2bn in September.
The cumulative share of top 5 creditors is at 65.5%.
Nonfinancial sectors’ short term debt increased by USD48mn to USD1.6bn with respect to 2020-end. On the other hand, financial sectors’ short term debt decreased by USD288mn (banks’ decreased by USD329mn to USD6.4bn) to USD7.9bn at the same
period. Short term trade credits increased by USD4bn to USD36.9bn.
Accordingly, total outstanding short term loans increased by USD3.8bn to USD46.4bn at the end of July 2021.
The cumulative share of top 5 creditors is at 44.1%.
The cumulative share of top 5 creditors is at 44.1%.
LT loans belongs to financial sector decreased by USD4.2bn to USD66.7bn whereas non-financial sector’s LT loans increased by USD4.3bn (mainly driven by construction) to USD97.1bn in comparison the end of 2020.
Source: Y. F. Securities Research