Turkey’s short-term external debt stock falls 3% y/y to $127bn at end-June

By bne IntelliNews August 14, 2015

Turkey’s short-term external debt stock fell by 3% y/y to $127bn at end-June, the central bank said on August 14.

The debt stock stood at $128.2bn at end-April and at $129.6bn at end-March.

The short-term debt of public sector, which wholly composed of public banks, declined by 7% to $16.9bn at end-Q2 and the short-term debt of private sector fell by 2% to $112.8bn at end-June, said the central bank, noting that the short-term external debt stock was composed of 54% US dollars, 30% Euro and 13% Turkish Lira.

The bank said that the 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 $168.3bn as of end-June.

Turkey's Short-term External Debt Stock  
(mn USD) Q4-13 Q1-14 Q2 Q3 Q4 Q1-15 Q2
 CENTRAL BANK   833  762  661  417  342  290  270
  DEPOSITS WITH CBRT   833  762  661  417  342  290  270
BANKS  92,252  90,009  94,673  95,056  95,877  95,204  91,336
  CREDITS  44,300  44,447  47,205  47,587  48,223  44,207  37,492
  FX DEPOSITS  11,507  11,465  12,077  12,592  13,131  12,778  13,794
  BANKS ACCOUNTS  25,390  23,992  22,933  21,999  21,118  25,543  26,384
  TRY DEPOSITS  11,055  10,105  12,458  12,878  13,405  12,676  13,666
OTHER SECTORS  37,331  34,952  36,254  36,073  36,670  34,072  35,724
  TRADE CREDITS  32,325  30,028  31,358  31,407  31,855  29,402  30,970
      DUE TO IMPORTS  27,828  25,490  26,930  27,097  27,744  25,565  27,261
      PRE-EXPORT FINANCING  4,497  4,538  4,428  4,310  4,111  3,837  3,709
  OTHER CREDITS  5,006  4,924  4,896  4,666  4,815  4,670  4,754
      PRIVATE  5,006  4,924  4,896  4,666  4,815  4,670  4,754
TOTAL  130,416  125,723  131,588  131,546  132,889  129,566  127,330
source: tcmb  
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