Decrease in long-term private sector external debt
Turkey’s private sector long-term debt stock fell in December while short-term debt rose, the Turkish Central Bank said on Wednesday.
Long-term external loans from the private sector totaled $ 163.5 billion in December, down $ 16.5 billion from the end of 2019.
Liabilities of non-financial institutions accounted for 56.9% of long-term external loans.
Most long-term loans were in US dollars at 62%, followed by the euro and Turkish lira at 33.9% and 2.3%, respectively.
In the short term, private sector foreign loans, excluding trade credits, amounted to $ 9.8 billion in December, up $ 1.1 billion from the end of 2019.
Financial institution liabilities accounted for 84.1% of all short-term loans, according to the bank.
Much of the short-term credit was in US dollars with 41.2%, while the rest was in euros (33.1%), Turkish lira (23.9%), and other currencies (1, 8%).
Based on the remaining maturity at the end of December, the total outstanding private sector loans received from abroad amounted to $ 43.9 billion in principal repayments over the next 12 months, the government added. bank.