Net Foreign Exposure of Non-Financial Firms Drops by 1.857 Billion USD in May

The Central Bank of the Republic of Turkey's (TCMB) May foreign exchange position data shows that non-financial firms' net foreign exposure dropped to 1.857 billion USD, down by 1.857 billion USD from the previous month. Total assets increased by 3.175 billion USD, while liabilities saw a 1.319 billion USD increase.

Short-Term Net Foreign Position Surplus Hits 9.911 Billion USD Short-term net foreign position surplus reached 9.911 billion USD, up by 2.693 billion USD from the previous month. This increase is driven by credit inflows from both domestic and foreign sources.

■Domestic short-term credits increased by 123 million USD - Foreign short-term credits decreased by 440 million USD - Long-term credits saw a significant 916 million USD increase ### Asset and Liability Breakdown Details Derivative assets, domestic bank deposits, and direct foreign capital investments increased by 1.568 billion USD, 1.019 billion USD, and 736 million USD, respectively. However, securities and export receivables decreased by 128 million USD and 19 million USD. In liabilities, foreign and domestic cash credits took the lead.

■Foreign cash credits increased by 1.124 billion USD - Domestic cash credits increased by 698 million USD - Derivative liabilities increased by 145 million USD - Import debts decreased by 649 million USD > These figures highlight the rising short-term debt obligations of non-financial firms, along with significant increases in long-term credits. This data will be crucial for market participants assessing credit demand dynamics.