Turkish private sector external debt down in September


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Turkey’s private sector foreign loans outstanding in September stood at $ 171.6 billion, down $ 1.4 billion from the end of 2020, the Turkish Central Bank said on Tuesday.

The sector’s short-term loans – excluding trade credits – received from abroad stood at $ 8.5 billion in September, down $ 1.2 billion from the end of last year.

Some 82.2% of short-term loans were made up of commitments from financial institutions, while 17.8% were commitments from non-financial institutions.

Broken down by currency, 36.7% of Turkey’s short-term credit was in dollars, 35.7% in euros, 23.7% in Turkish lira and 3.9% in other currencies.

Long-term private sector debt over the same period fell by $ 199 million to $ 163.1 billion.

The bank said 40.3% of total long-term foreign loans were owed by financial institutions while 59.7% consisted of liabilities of non-financial institutions.

As for the total long-term loans totaling $ 163.1 billion, 62.1% consisted of dollars, 34% euros, 2.1% Turkish lira and 1.8% other currencies, a- he indicated.

Total private sector loans received from abroad, on a residual maturity basis, show principal repayments of $ 39.9 billion for the next 12 months by the end of September.

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