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  

Related Articles

Turkish exporters' association chief dismisses benefits of fast depreciating lira

The fast depreciation that has afflicted the Turkish lira in recent weeks does not bode well for the Turkish economy and the central bank should be more proactive in combating it when necessary, ... more

Turkish central bank releases $500mn of liquidity via new deposit swaps market

The Turkish central bank on January 18 provided around $500mn of liquidity with a maturity of one-week to Turkish lenders at the first auction held under the scope of the newly launched FX ... more

Turkish prosecutors demand lifetime jail sentences for leaders of pro-Kurdish HDP

Turkish prosecutors have demanded up to a 143-year jail sentence for Selahattin Demirtas, co-leader of the pro-Kurdish HDP, party and 83 years for the other co-leader, Figen Yuksekdag, ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss