Turkish Private Sector Foreign Debt Rises
(MENAFN) According to a statement released by the Turkish Central Bank on Wednesday, the external liabilities of Turkey’s private enterprises reached a total of USD185.9 billion as of April.
This marks an increase of USD13.8 billion compared to the end of 2024.
The report highlighted that long-duration borrowing stood at USD173.5 billion, which represents a gain of USD16.7 billion.
In contrast, short-term liabilities were recorded at USD12.5 billion, showing a USD2.9 billion rise during the same period.
Of this total foreign debt, approximately 57.2 percent was accumulated by the non-banking industry, while the remainder was incurred by the financial sector.
Breaking down the composition of long-term borrowing, the data revealed that 57.9 percent was denominated in the "US dollar", 33 percent in the "euro", 2.1 percent in the "Turkish lira", and 7 percent in a mix of other foreign currencies.
As for short-term obligations, 46 percent were in the "US dollar", 31.1 percent in the "lira", 19.5 percent in the "euro", and 3.3 percent in miscellaneous other currencies.
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