Turkey’s private sector external debt reached $178.5 billion as of September, marking a $14.3 billion increase from the end of 2023, according to figures released by the Turkish Central Bank on Friday.
Details of long and short term debt
The Turkish Central Bank reported that long-term loans rose by $1.7 billion, to $165.2 billion. Short-term loans, excluding trade credits, increased by $4.1 billion, to $13.3 billion.
The distribution of long-term debt in currency was as follows:
57.6% in US dollars
35% in euros
2.5% in Turkish lira
4.9% in other currencies
For short-term debt, the distribution was as follows:
43.8% in US dollars
15.9% in euros
35.3% in Turkish lira
5% in other currencies
Expected debt repayment within the next 12 months
The central bank reported that based on the remaining maturity basis, total principal repayments on foreign loans are expected to reach $54.3 billion over the next 12 months.
