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Obbligazioni valute high yield TURCHIA bond in usd e lira turca (4 lettori)
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ANKARA
Turkey's external assets hit $225.8 billion at the end of April, down 10.9% from the end of 2019, the Turkish Central Bank announced on Friday.
The country’s liabilities against non-residents also fell 8.1% to hit $550.2 billion during the same period.
“The net IIP [international investment position], defined as the difference between Turkey’s external assets and liabilities, posted minus 324.4 billion at the end of April, in comparison to minus $345 billion observed at the end of 2019,” the bank said.
The net international investment position – which can be either positive or negative – is the value of overseas assets owned by a country, minus the value of domestic assets owned by foreigners, including overseas assets and liabilities held by a country’s government, the private sector, and its citizens.
Reserve assets, a sub-item under assets, were $86.3 billion at the end of April, down 18.3% from the end of last year.
Other investments, another sub-item under assets, totaled $86.5 billion, also indicating a 9% fall in the same period.
“Currency and deposits of banks, one of the sub-items of other investment, were recorded at $45.1 billion, indicating a decrease of 5.1% compared to the end of 2019," the bank said.
On the liabilities side, direct investment – equity capital plus other capital – at the end of April was $145 billion.
The figure was down 9.5% compared to the end of last year “with the contribution of the changes in the market value and foreign exchange rates.”
In 2019, the average US dollar/Turkish lira rate was around 5.68, while one dollar was exchanged for 6.83 liras on average this April.
“Foreign exchange deposits of non-residents held within the resident banks were recorded at $32.2 billion at the end of April 2020, reflecting a decrease of 7.5% compared to the end of 2019,” the bank said.
It added that Turkish lira deposits rose 4.5% to $14.2 billion.
The Central Bank said the total external loan stock of the banks amounted to $65.2 billion – down 3% – and total external loan stock of the other sectors was $96.4 billion, down 2.9% in the same period.
Turkey's external assets hit $225.8 billion at the end of April, down 10.9% from the end of 2019, the Turkish Central Bank announced on Friday.
The country’s liabilities against non-residents also fell 8.1% to hit $550.2 billion during the same period.
“The net IIP [international investment position], defined as the difference between Turkey’s external assets and liabilities, posted minus 324.4 billion at the end of April, in comparison to minus $345 billion observed at the end of 2019,” the bank said.
The net international investment position – which can be either positive or negative – is the value of overseas assets owned by a country, minus the value of domestic assets owned by foreigners, including overseas assets and liabilities held by a country’s government, the private sector, and its citizens.
Reserve assets, a sub-item under assets, were $86.3 billion at the end of April, down 18.3% from the end of last year.
Other investments, another sub-item under assets, totaled $86.5 billion, also indicating a 9% fall in the same period.
“Currency and deposits of banks, one of the sub-items of other investment, were recorded at $45.1 billion, indicating a decrease of 5.1% compared to the end of 2019," the bank said.
On the liabilities side, direct investment – equity capital plus other capital – at the end of April was $145 billion.
The figure was down 9.5% compared to the end of last year “with the contribution of the changes in the market value and foreign exchange rates.”
In 2019, the average US dollar/Turkish lira rate was around 5.68, while one dollar was exchanged for 6.83 liras on average this April.
“Foreign exchange deposits of non-residents held within the resident banks were recorded at $32.2 billion at the end of April 2020, reflecting a decrease of 7.5% compared to the end of 2019,” the bank said.
It added that Turkish lira deposits rose 4.5% to $14.2 billion.
The Central Bank said the total external loan stock of the banks amounted to $65.2 billion – down 3% – and total external loan stock of the other sectors was $96.4 billion, down 2.9% in the same period.
m.m.f
Forumer storico
Io guardo qui
TCMB - International Reserves/Foreign Currency Liquidity
The Central Bank of the Republic of Turkey is responsible for the monetary and exchange rate policies in Turkey. The primary objective of the Bank is to achieve price stability.
www.tcmb.gov.tr
Io guardo solo qui. Ma tu certamente ne sai piu di tutti.
Buon proseguimento.....
m.m.f
Forumer storico
... basta passare oltre o meglio ancora un bel ckick sul tasto IGNORE)))
Near
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sì ho un po' di 2034.
confido che i bicchieri d'acqua reggano bene le bufere
m.m.f
Forumer storico
Turkey Surprises With No Rate Cut for First Time in a Year
Turkey’s Rate Cutting Cycle May Be Near an End, Banks Say
m.m.f
Forumer storico
...il che comporterebbe?
m.m.f
Forumer storico
m.m.f
Forumer storico
LONDON, June 23 (Reuters) - S&P Global Ratings said on Tuesday it estimated problematic loans at Turkish banks would rise to more than 20% by next year, citing pressures from the country’s economic recession and the slide of the lira.
Despite a relatively low level of reported non-performing loans (NPLs) of 4.6% at the end of May, the ratings agency cited a number of pressure points faced by Turkey’s banks, including high corporate sector indebtedness compared to other emerging markets.
“Risks are further exacerbated by some specific characteristics ... namely, the accelerated lending through the Credit Guarantee Fund (CGF), and more recently via state banks, as well as the high proportion of foreign currency lending,” S&P added, saying foreign currency lending stood at almost 37% of gross loans.
“We expect NPLs to reach 11%-12% by 2021, while problematic loans (NPLs plus restructured loans) will pass to more than 20% of loans from about 10% in September 2019,” S&P said in a note.
Earlier on Tuesday, Turkish Finance Minister Berat Albayrak called on banks to speed up restructuring of loans and said the government would support the formation of an asset management company to take on loans of problematic companies from all banks.
S&P added it considered checks and balances within the Turkish institutional system weak, which raised questions about the quality of regulation and perceived independence of the watchdog and the central bank.
The ratings agency added it classified Turkey’s banking sector in its assessment framework in the same group as Azerbaijan, Egypt, Kazakhstan, Greece, Bangladesh and Argentina. (Reporting by Karin Strohecker; Editing by Mark Potter)
Despite a relatively low level of reported non-performing loans (NPLs) of 4.6% at the end of May, the ratings agency cited a number of pressure points faced by Turkey’s banks, including high corporate sector indebtedness compared to other emerging markets.
“Risks are further exacerbated by some specific characteristics ... namely, the accelerated lending through the Credit Guarantee Fund (CGF), and more recently via state banks, as well as the high proportion of foreign currency lending,” S&P added, saying foreign currency lending stood at almost 37% of gross loans.
“We expect NPLs to reach 11%-12% by 2021, while problematic loans (NPLs plus restructured loans) will pass to more than 20% of loans from about 10% in September 2019,” S&P said in a note.
Earlier on Tuesday, Turkish Finance Minister Berat Albayrak called on banks to speed up restructuring of loans and said the government would support the formation of an asset management company to take on loans of problematic companies from all banks.
S&P added it considered checks and balances within the Turkish institutional system weak, which raised questions about the quality of regulation and perceived independence of the watchdog and the central bank.
The ratings agency added it classified Turkey’s banking sector in its assessment framework in the same group as Azerbaijan, Egypt, Kazakhstan, Greece, Bangladesh and Argentina. (Reporting by Karin Strohecker; Editing by Mark Potter)