Private sector foreign debt on the rise in Turkey
ANKARA - Anadolu Agency
“Of the total long-term loans, which amount to $226.8 billion, 50.7 percent consists of financial institutions’ liabilities, while 49.3 percent consists of the liabilities of non-financial institutions,” it said.
The Central Bank also stated that the liabilities of financial institutions and non-financial institutions accounted for 78.1 percent and 21.9 percent of the private sector’s short-term foreign debt respectively.
“From the borrower’s side, regarding long-term loans, banks’ loan liabilities decreased by $98 million while bond liabilities amounted to $31.8 billion, increasing by $1.5 billion compared to the end of 2017,” it added.
Almost half (49.7 percent) of the short-term debt is held in U.S. dollars, followed by 29.3 percent held in euros, 20.6 percent held in liras, and 0.4 percent in other currencies.