Private Sector's Long Term Foreign Debt Falls In February

- Private sector’s long-term foreign loans fell by 2.4 billion dollars in the first two months of the year to 165.0 billion dollars at the end of February, according to the data released by the Central Bank on Tuesday.

Private sector’s total outstanding loans received from abroad based on a remaining maturity basis; point out to principal repayments in the amount of 70.3 billion dollars for the next 12 months as at the end of February.

From the borrower’s side, banks’ loan liabilities fell by 649 million dollars whereas bond liabilities increased by 812 million dollars in comparison to the end of 2014.

In the same period, non-bank financial institutions’ loans fell by 458 million dollars, while bond liabilities rose to 3.1 billion dollars rising by 57 million dollars in the same period.

Non-financial institutions’ loans fell by 1.9 billion dollars in comparison to the end of 2014, while bond liabilities rose to 5.0 billion dollars over the same period.

From the creditors’ side, liabilities to private creditors, which account for 88.8 percent of the outstanding long-term loan stock excluding bonds fell by 3.3 billion dollars, while liabilities to official creditors, which account for 11.2 percent of the outstanding long-term loan stock excluding bonds, fell by 38 million dollars compared to the end of the previous year.

Non-financial institutions’ loans from the non-resident commercial banks stood at 31.7 billion dollars, falling by 1.0 billion dollars in comparison to the end of 2014, while their loans from the foreign branches and affiliates of resident banks fell by 365 million dollars to 20.0 billion dollars over the same period.

As for the sectoral breakdown of the 80.3 billion dollars liabilities of the non-financial institutions, which account for 48.7 percent of the total liabilities, 56.0 percent was borrowed by the services sector, 43.5 percent by the industrial sectors and 0.5 percent by the agricultural sector as at the end of February.

Private sector’s outstanding short-term loans received from abroad, excluding trade credits, rose to 42.4 billion dollars, falling by 1.9 billion dollars in comparison to the end of 2014.

From the borrower’s side, banks’ loan liabilities fell by 2.2 billion dollars; whereas non-financial institutions’ loan liabilities rose by 591 million dollars in comparison to the end of 2014.