Turkish private sector's foreign debt down to $155.3B in August
Long-term loans total $146.5B in August, short-term debt at $8.7B
DUBAI
The Turkish private sector's outstanding debt received from abroad was at $155.3 billion in August, down by $2.5 billion versus the end of 2022.
Long-term loans totaled $146.5 billion while short-term loans amounted to $8.7 billion, the country's Central Bank said on Monday.
Some 59% of the total long-term loans were in US dollars, 36.1% in euros, 2.1% in Turkish liras and 2.8% in other currencies, while the majority of the total short-term loans – 38.6% – was in US dollars, followed by 36.1% in euros, 18.6% in Turkish liras and 6.7% in other currencies.
Of the total long-term loans, 35.1% were liabilities of the financial institutions, while 64.9% consisted of the liabilities of non-financial institutions.
Of the total short-term loans, 74.3% consisted of liabilities of the financial institutions, while 25.7% were liabilities of the non-financial institutions.
"Private sector’s total outstanding loans received from abroad based on a remaining maturity basis; point out to principal repayments in the amount of USD 44.5 billion for the next 12 months by the end of August," the Central Bank said.
Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.
