Portfolio Investments Of Foreigners In Turkey Fell By $8.5 Billion

- Portfolio investment of foreign investors fell by 8.5 billon dollars at the end of February, from the end of 2014, according to the data released by Central Bank on Thursday.

Non-residents’ equity holdings in Turkey fell by 7.2 percent to 57.5 billon dollars at the end of February, against the end of 2014, while holdings of government domestic debt securities (GDDS), a sub-item under debt securities stock, fell by 9.7 percent to 47.1 billon dollars over the same period.

External assets of Turkey rose by 1.0 percent to 232.4 billon dollars, while liabilities against non-residents fell by 4.1 percent to 634.6 billon, in the first two months of the year.

With the developments on assets and liabilities, the net international investment position (IIP), defined as the difference between Turkey’s external assets and liabilities, fell to 402.1 billon dollars at the end of February, from 431.6 billon dollars at the end of 2014.

Reserve assets rose by 1.2 billon dollars to 128.5 billon dollars, and other investments rose by 701 millon dollars to 61.6 billon dollars over the same period.

Currency and deposits of banks, one of the sub-items of other investment, increased by 7.1 percent to 23.7 billon dollars compared to the end of 2014.

As regards to sub-items under liabilities, direct investment at the end of February 2015 recorded 157.5 billon dollars indicating 6.8 percent decrease in comparison to the end of the previous year due to the changes in the market value and foreign exchange rates.

FX deposits of non-residents held within the resident banks recorded 38.1 billon dollars at the end of February 2015, reflecting an increase of 11.1 percent to the end of 2014 while TL deposits decreased by 8.6 percent to 12.3 billon dollars.

Total external loan stock of the banks recorded 91.3 billon dollars at the end of February 2015 decreasing by 3.6 percent compared to the end of 2014 and total external loan stock of the other sectors decreased by 2.1 percent to 91.3 billon dollars during the same period.