Turkey’s short-term external debt stock edges down to USD 125.3bn at end-Sep.

By bne IntelliNews November 19, 2013

Turkey’s short-term external debt stock decreased to USD 125.3bn at end-September from USD 127bn at end-August, data of the Central Bank showed on Tuesday.

Turkey’s short-term external debt stock stood at USD 100.6bn at end-2012 and at USD 125.1bn at end-Q2.

Banks’ short-term external debt stock increased by 29.2% since the end of 2012 to USD 88.1bn and other sectors’ short-term external debt stock rose 15.7% to USD 36.3bn. Short-term FX loans of the banks received from abroad were up 38%, reaching USD 40.3bn, the Central Bank said.

Short-term debt of public sector, wholly composed of public banks, increased by 50.4% to USD 16.6bn, while short-term debt of private sector reached to USD 107.8bn indicating a 21.7% increase since the end of 2012.

Short-term external debt stock on a remaining maturity basis, calculated based on the external debt maturing within 1 year or less regardless of the original maturity, stood at USD 163.7bn, down from USD 165.2bn at end-August and USD 164.5bn at the end of July, the Central Bank said.

Related Articles

Poland supports Turkey’s near-dead EU membership bid

Turkish President Recep Tayyip Erdogan received a warm welcome from his Polish peer Andrzej Duda on October 17, as Warsaw said it supported Ankara’s formally ongoing bid to become a member of the ... more

Poland claims there will be “no taboo” in talks with Erdogan

Poland will skip no touchy topics in talks with President Recep Tayyip Erdogan, visiting Warsaw on October 17, the office of President Andrzej Duda said ahead of the visit by the Turkish leader, ... more

Erdogan says he plans talks with lenders on cutting Turkish interest rates

Turkey's President Recep Tayyip Erdogan said on October 13 that he plans to hold talks with both public and private lenders on how to lower interest rates. He did not say, however, when those ... more

Dismiss