The Turkish private sector’s outstanding debt received from overseas was $155.3 billion in August, down by $2.5 billion versus the end of 2022, official data showed Monday.
Long-term loans totaled $146.5 billion, while short-term loans amounted to $8.7 billion, according to the Central Bank of the Republic of Türkiye (CBRT) data.
Some 59% of the total long-term loans were in U.S. 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% – were in U.S. 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, the data showed.
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.
“The private sector’s total outstanding loans received from abroad based on a remaining maturity basis, point out to principal repayments in the amount of $44.5 billion for the next 12 months by the end of August,” the central bank said.
