Turk­ish pri­vate sec­tor’s ex­ter­nal debt down in July

Dünya Executive - - OVERVIEW -

The value of the Turk­ish pri­vate sec­tor’s out­stand­ing loans re­ceived from for­eign coun­tries fell in July, the coun­try’s Cen­tral

Bank an­nounced on Septem­ber 18. The pri­vate sec­tor’s short-term ex­ter­nal loans - ex­clud­ing trade cred­its - amounted to $12.9 bil­lion in July, down $2.5 bil­lion ver­sus the end of last year, ac­cord­ing to the Cen­tral Bank (CBRT). The Bank said that 75.3 per­cent of all short-term loans con­sisted of li­a­bil­i­ties of fi­nan­cial in­sti­tu­tions. On the long-term side, the pri­vate sec­tor’s loans from abroad to­taled $198.5 bil­lion as of July, down $11.2 bil­lion from the end of 2018. Fi­nan­cial in­sti­tu­tion li­a­bil­i­ties con­sti­tuted 47 per­cent of long-term ex­ter­nal loans, the CBRT noted. Re­gard­ing the cur­rency com­po­si­tion, of the to­tal $198.5 bil­lion in long-term loans, 60.6 per­cent are USD, 33.8 per­cent eu­ros, 4.1 per­cent li­ras and 1.5 per­cent other cur­ren­cies.

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