Türkiye’s external assets reach $341.7B as of end-June

By Emir Yildirim

ISTANBUL (AA) - Türkiye’s external assets rose to $341.7 billion at the end of June, up 2.7% from the end of 2023, the country’s Central Bank said Tuesday.

Türkiye’s liabilities against non-residents climbed 10.1% to $670.2 billion in the same period.

The net international investment position, which is the difference between assets and liabilities, posted minus $328.5 billion in June, versus minus $275.9 billion at the end of 2023, the data showed.

Reserve assets saw a 1.4% rise to $142.9 billion while other investments saw a 2.4% bump to $127.4 billion in the same period.

As for currency and bank deposits, the sub-item rose 9.8% to $51.2 billion at the end of 2023.

At the same time, direct investment under liabilities climbed 23.6% to $188 billion “with the contribution of the changes in the market value and foreign exchange rates,” the bank said.

Portfolio investments in June rose to $119.7 billion, jumping 24.8% compared to the end of 2023.

Meanwhile, banks’ total external loan stock climbed 5.8% to $66.3 billion, and the total loan stock of other sectors fell 1.1% to $100.1 billion over the same period.