By Gokhan Ergocun
ISTANBUL (AA) - The Turkish private sector’s outstanding foreign loans totaled $167.7 billion as of February, down by $1.3 billion compared to the end of 2021, the Central Bank said on Thursday.
Short-term loans, excluding trade credits, received from abroad amounted to $7.6 billion, an increase of $129 million over the same period.
Liabilities of financial institutions made up 82.8% of all short-term loans, the bank said.
Broken down by currency, 41% of the Turkish private sector’s short-term credit was in US dollars, 36.5% in euros, 17.8% in Turkish liras, and 4.7% in other currencies.
The sector’s long-term foreign debt decreased by $1.4 billion to $160.1 billion.
Most of the long-term loans – 63.1% – were in US dollars, followed by 33.3% in euros, 1.6% in Turkish liras, and 2% in other currencies.
The private sector’s total outstanding loans received from abroad, based on a remaining maturity basis, point to principal repayments of $43.2 billion for the next 12 months by the end of February, the bank said.