13 January 2017•Update: 13 January 2017
ANKARA
The Turkish private sector’s short-term foreign debt – debt that must be paid in the next 12 months – decreased by $4.1 billion in November to $16.4 billion from the end of December 2015, the country's central bank announced Friday.
The sector's long-term foreign debt increased by $10.3 billion to $205.7 billion over the same period, the bank said.
"As for the sectoral breakdown by the end of November, of the total long-term loans in the amount of $205.7 billion, 51.7 percent consists of liabilities of financial institutions, whereas 48.3 percent consists of the liabilities of non-financial institutions," the bank added.
More than half of Turkey's private sector long-term debt was in U.S. dollars, at 60.5 percent, with 33.1 percent in euros, 4.4 percent in Turkish liras and 2 percent in other currencies.
Close to 48 percent of debt was in dollars, followed by euros of 32.8 percent,18.8 percent in Turkish liras and 0.4 percent in other currencies.
"In the same period, of the total short-term loans in the amount of $16.4 billion, 80.9 percent consists of liabilities of financial institutions, whereas 19.1 percent consists of liabilities of non-financial institutions," the central bank added.
