Foreign debts of private firms decline
Güncelleme Tarihi:
Anatolia News Agency
Oluşturulma Tarihi: Mayıs 19, 2009 10:13
ANKARA - The long-term loan debt Turkey’s private sector has obtained from abroad have declined 4.8 percent to $133.376 billion during the first three months of this year, compared to the end of 2008. The figure was $140.148 billion as of the end of 2008, according to data from the Central Bank.
Financial loans in the private sector, which totaled $41.1 billion at the end of 2008, declined 7.2 percent to $38.13 billion this year in March. Over the period, non-financial loans the private sector obtained abroad decreased by 4 percent from $99.47 billion to $95.25 billion.
As of the end of March, bank loans constituted nearly $28.4 billion of the long-term financial debts worth $38.13 billion. The debts to non-banking financial institutions totaled more than $9.7 billion, including loans worth almost $9.3 billion and the loans deemed as foreign capital worth $468 million.
The amount of non-financial loan debt totaled nearly $95.25 billion, including loans worth $92.33 billion, the loans deemed as foreign capital were worth almost $2.6 billion, and commercial loans were worth $615 million.
With a figure of nearly $27.4 billion, or 20.5 percent, Britain topped the list of Turkey’s creditors as of the end of March. Other countries in the list included Bahrain with almost $17.6 billion, Germany with $14.16 billion and Malta with $12.7 billion, the United States with more than $12.3 billion and Luxembourg with $11.24 billion.
Long-term loan debt supplied to the private sector from abroad displayed a rapid growth rate between 2002 and 2008 but have started to decrease as of this year. The loan debt totaled $29.15 billion in 2002, $30.79 billion in 2003, $36.9 billion in 2004, $50.55 billion in 2005, $82.95 billion in 2006, $121.441 billion in 2007 and $140.15 billion in 2008.
The long-term debt, which amounted to $135.75 billion in January this year, declined to $133.5 billion in February and to $133.4 billion in March.
Long-term loans the private sector obtained from abroad included an amount of $83.75 billion in U.S. dollars, more than 33.1 billion euros and nearly $6.64 billion in dollar equivalent of other currencies.
As of the end of March, bank loans constituted nearly $28.4 billion of the long-term financial debts worth $38.13 billion. The debts to non-banking financial institutions totaled more than $9.7 billion, including loans worth almost $9.3 billion and the loans deemed as foreign capital worth $468 million.
The amount of non-financial loan debt totaled nearly $95.25 billion, including loans worth $92.33 billion, the loans deemed as foreign capital were worth almost $2.6 billion, and commercial loans were worth $615 million.
With a figure of nearly $27.4 billion, or 20.5 percent, Britain topped the list of Turkey’s creditors as of the end of March. Other countries in the list included Bahrain with almost $17.6 billion, Germany with $14.16 billion and Malta with $12.7 billion, the United States with more than $12.3 billion and Luxembourg with $11.24 billion.
Long-term loan debt supplied to the private sector from abroad displayed a rapid growth rate between 2002 and 2008 but have started to decrease as of this year. The loan debt totaled $29.15 billion in 2002, $30.79 billion in 2003, $36.9 billion in 2004, $50.55 billion in 2005, $82.95 billion in 2006, $121.441 billion in 2007 and $140.15 billion in 2008.
The long-term debt, which amounted to $135.75 billion in January this year, declined to $133.5 billion in February and to $133.4 billion in March.
Long-term loans the private sector obtained from abroad included an amount of $83.75 billion in U.S. dollars, more than 33.1 billion euros and nearly $6.64 billion in dollar equivalent of other currencies.