CBRT -Turkey’s international investment position deficit rose to $333.5 billion

According to data from the Central Bank of the Republic of Turkey (CBRT), as of the end of May, Turkey's assets abroad increased by 1.4 percent to $337.3 billion and liabilities increased by 10.2 percent to $670.9 billion compared to the end of 2023.

As regards to sub-items under assets, at the end of May 2024, reserve assets recorded USD 143.6 billion indicating an increase of 2.0 percent, while other investment recorded USD 123.2 billion indicating a decrease of  1.0 percent compared to the end of 2023. Currency and deposits of banks, one of the sub-items of other investment, recorded USD 46.9 billion indicating an increase of 0.6 percent compared to the end of 2023.

As regards sub-items under liabilities, direct investment (equity capital and other capital) recorded USD 189.7 billion at the end of May 2024, indicating a 24.7 percent increase compared to the end of the previous year, with the contribution of changes in market value and foreign exchange rates.

Portfolio investment increased by 23.4 percent and recorded USD 118.3 billion compared to the end of 2023. Non-residents’ equity holdings recorded USD 41.1 billion, reflecting an increase of 39.2 percent compared to the end of 2023. Non-residents’ GDDS (Government Domestic Debt Securities) holdings recorded USD 9.9 billion with an increase of 276.8 percent. Outstanding eurobond holdings of nonresidents posted USD 43.5 billion with an increase of 2.2 percent.

Other investment indicated an increase of 0.6 percent to USD 362.9 billion compared to the end of 2023. FX deposits of non-residents held within the resident banks recorded USD 41.4 billion at the end of May 2024, reflecting a decrease of 4.1 percent compared to the end of 2023, and TL deposits increased by 37.0 percent recording USD 23.3 billion.

The total external loan stock of the banks recorded USD 63.9 billion, increasing by 1.9 percent compared to the end of 2023, and the total external loan stock of the other sectors recorded USD 100.1 billion, decreasing by 0.9 percent.
 

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