Turkish Private Sector's External Debt Down To $161.4B In June

The Turkish private sector's outstanding foreign loans totaled $161.4 billion as of June, down $7.6 billion compared to the end of 2021, the Central Bank said on Tuesday.

Short-term loans, excluding trade credits, from abroad amounted to $7.7 billion, an increase of $206 million over the same period.

Long-term loans stood at $153.7 billion as of June, down by $7.8 billion.

Of the total long-term loans, 38.3% were liabilities of financial institutions, while 61.7% were liabilities of non-financial institutions.

For short-term loans, 83.1% were liabilities of financial institutions and 18.7% were liabilities of non-financial institutions.

The majority of short-term credit – 40.2% – was in US dollars, followed by 37.6% in euros, 18.1% in Turkish liras and 4.1% in other currencies.

The private sector's total outstanding loans received from abroad, based on a remaining maturity basis, point to principal of $45.2 billion for the next 12 months by the end of June, the bank said. -