Turkish private sector's foreign debt at $165.1B in April
Long-term loans hit $154.5B as of April, short-term loan for Turkish private sector
The Turkish private sector's foreign debt totaled $165.1 billion as of April, up by $1 billion compared with the end of 2023, the country’s Central Bank figures showed on Wednesday.
Long-term loans hit $154.5 billion as of April, down by $458 million, while short-term loans – excluding trade credits – were at $10.6 billion, up by $1.5 billion from the end of 2023.
Some 58.1 percent of the total long-term loans were in the US dollar, while 35.6 percent in euro, 2.2 percent in Turkish lira and 4.1 percent in other currencies; and 49.6 percent of the total short-term loans were in the US dollar, 20.8 percent in euro, 24.9 percent in Turkish lira and 4.7 percent in other currencies.
Financial institutions' share was 37.4 percent in long-term loans, while 62.6 percent consists of the liabilities of the non-financial institutions; 75 percent of short-term loans were received by financial institutions and 25 percent consists of 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 48.9 billion for the next 12 months by the end of April," the bank added.
