Turkish private sector's foreign debt down to $154.6B in June

ISTANBUL

The Turkish private sector's foreign debt was at $154.6 billion as of June, decreasing by $3.2 billion from the end of the last year, the country's central bank stated on Wednesday.

Long term loans totaled $145.8 billion, down $3.9 billion, while short-term loans amounted to $8.8 billion, up by $676 million in June, versus Dec. 31.

59% of the long-term loans were in the US dollar, while euro's share was at 36.4% and Turkish lira's at 1.9%.

In the short-term, 39.1% of the debt was in the US dollar, 38.2% in euro, and 15.6% in Turkish lira.

34.7% of the long-term loans consists of liabilities of the financial institutions, while 65.3% consists of the liabilities of the non-financial institutions. These ratios were 76.1% and 23.9% for short-term loans, respectively.

"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 42.5 billion for the next 12 months by the end of June," the bank added.

ISTANBUL

The Turkish private sector's foreign debt was at $154.6 billion as of June, decreasing by $3.2 billion from the end of the last year, the country's central bank stated on Wednesday.

Long term loans totaled $145.8 billion, down $3.9 billion, while short-term loans amounted to $8.8 billion, up by $676 million in June, versus Dec. 31.

59% of the long-term loans were in the US dollar, while euro's share was at 36.4% and Turkish lira's at 1.9%.

In the short-term, 39.1% of the debt was in the US dollar, 38.2% in euro, and 15.6% in Turkish lira.