Turkish private sector’s short-term external debt stock jumps 17% q/q at end-Q1.

By bne IntelliNews May 17, 2013

Turkish private sector’s short-term external debt stock increased by 6% m/m and 17% q/q to USD 36.5bn as of end-Q1 from USD 34.6bn at end-Feb and USD 31.3bn at end-2012, the central bank (TCMB) announced on Thursday. Turkish banks’ short-term debt with maturities up to one-year rose 21% q/q to USD 31.5bn at end-Feb from USD 26.1bn as of end-2012. Turkish banks’ short-term debt was at USD 28.9bn at end-Feb.

The central bank also announced the long-term external debt stock of Turkish private sector. Accordingly, long-term debt stock of the private sector increased by 0.1% q/q to USD 138.5bn at end-Q1 from USD 138.3bn at end-2012 while Turkish banks’ long-term external debt stock rose 3.2% q/q to USD 41.7bn from USD 40.4bn.

Related Articles

Turkish footwear manufacturers step up investments in Uzbekistan’s leather and footwear industries

Turkish footwear manufacturers are stepping up their investments in Uzbekistan’s leather and footwear industries, according to local reports. A $1mn investment in the manufacture of leather, ... more

Shipping companies latest to feel effects of “West’s very tight blockade against Turkey’s banking system", says report

Shipping companies are the latest to feel the effects of “the West’s very tight blockade against the Turkish banking system”, according to a report by Turkish publication Ekonomim. In ... more

“Panic buys” push up white goods sales in Turkey as consumers fret over impending credit card curbs

White goods sales in Turkey moved up 22% y/y in January as anxious consumers rushed to stores to make “panic buys” ahead of possible government measures to curb credit card spending, according to ... more

Dismiss