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