Türkiye's short-term external loan down in February

ISTANBUL

Türkiye's short-term external debt stock was at $173.6 billion in February, decreasing by 0.9% compared to the end of 2023, the Turkish Central Bank announced on Wednesday.

Particularly, the banks' short-term external debt increased by 2.2% to $69.9 billion while other sectors' debt dropped by 4.5% to $57.7 billion.

Short-term foreign exchange loans of the banks went up by 10.9% to $13.9 billion.

"From the borrowers' side, the short-term debt of the public sector, which consists of public banks, increased by 5.5 percent to USD 36.4 billion and the short-term debt of the private sector decreased by 3.3 percent to USD 91.2 billion," the bank said.

As of the end of February, the currency breakdown of short-term external debt stock is composed of 51% US dollars, 22.2% euro, 10.8% Turkish lira and 16% other currencies.

"Short-term external debt stock on a remaining maturity basis, calculated based on the external debt maturing within 1 year or less regarding of the original maturity, recorded USD 227.5 billion, of which USD 19.1 billion belongs to the resident banks and private sectors to the banks’ branches and affiliates abroad," the bank added.

ISTANBUL

Türkiye's short-term external debt stock was at $173.6 billion in February, decreasing by 0.9% compared to the end of 2023, the Turkish Central Bank announced on Wednesday.

Particularly, the banks' short-term external debt increased by 2.2% to $69.9 billion while other sectors' debt dropped by 4.5% to $57.7 billion.

Short-term foreign exchange loans of the banks went up by 10.9% to $13.9 billion.

As of the end of February, the currency breakdown of short-term external debt stock is composed of 51% US dollars, 22.2% euro, 10.8% Turkish lira and 16% other currencies.