By Tuba Sahin
The Turkish private sector's outstanding foreign loans fell to $155.2 billion in July, official figures revealed on Thursday.
The private sector's total outstanding loans received from abroad dropped by $2.6 billion from the end of 2022, the Turkish Central Bank announced.
Short-term loans – excluding trade credits – of the sector received from abroad in the same period totaled $9 billion, up $828 million, while long-term loans dropped $3.4 billion to $146.3 billion.
The private sector's total outstanding loans received from abroad, based on a remaining maturity basis, point to principal repayments of $43.4 billion for the next 12 months by the end of July.