Aysu Biçer
16 June 2022•Update: 16 June 2022
ANKARA
The Turkish private sector’s outstanding foreign loans totaled $163.7 billion as of April, down $5.3 billion compared to the end of 2021, the Central Bank said on Thursday.
Short-term loans, excluding trade credits, received from abroad amounted to $7.7 billion, an increase of $218 million over the same period.
Liabilities of financial institutions made up 81.4% of all short-term loans, the bank said.
Broken down by currency, 37.2% of the Turkish private sector’s short-term credit was in US dollars, 40.3% in euros, 18.7% in Turkish liras, and 3.8% in other currencies.
The sector’s long-term foreign debt decreased by $5.5 billion to $156 billion.
Most of the long-term loans, 63.8%, were in US dollars, followed by 32.7% in euros, 1.7% in Turkish liras, and 1.8% in other currencies.
The private sector’s total outstanding loans received from abroad, based on a remaining maturity basis, point to principal repayments of $45.9 billion for the next 12 months by the end of April, the bank said.
