Turkey’s short-term external debt stock edges down to USD 125.7bn at end-Feb.

By bne IntelliNews April 17, 2014

Turkey’s short-term external debt stock fell by 0.5% m/m to USD 125.7bn at the end of February from USD 126.3bn at end-Jan, the Central Bank said on Tuesday.

The short-term external debt stock rose to USD 130.6bn at end-2013 from USD 100.5bn at end-2012, data showed.

The short-term debt of public sector -wholly composed of public banks- increased by 1.2% m/m to USD 17.5bn at end-February from USD 17.3bn a month ago (USD 17.6bn at end-2013), and the short-term debt of private sector declined by 0.8% m/m to USD 107.4bn from USD 108.25bn, the Bank said.

Banks’ short-term external debt stock decreased by 0.3% m/m to USD 87.5bn at the end of February from USD 87.7bn at the end of January. Short-term FX loans of the banks received from abroad increased by 0.8% m/m to USD 41.9bn from USD 41.6bn at end-January, the Central Bank said. Other sectors’ short-term external debt stock declined by 1% m/m to USD 37.4bn from USD 37.8bn at end-January.

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- was at USD 162.3bn as of end-February, with private sector accounting for 85.5% of total stock, the Central Bank said. The figure stood at USD 166.7bn as of end-December, with private sector accounting for 84.8%, and at USD 162.8bn as of end-January, with private sector’s share standing at 85.2% of total stock.


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