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

Austrian Chancellor: Tell Turkey it's simply not an EU membership candidate

Austrian Chancellor Christian Kern told a German daily on July 27 that when it comes to Turkey’s European Union accession hopes "it has to be legitimate to say: 'You simply are not a ... more

Spooked Turkish textile exporters fear missing target due to Berlin's Turkey travel warnings

Some German buyers have cancelled trips to Turkey after the rise in political tension between Ankara and Berlin, Seref Fayat, head of the Turkish Clothing Manufacturers Association, said on July 25, ... more

Turkey reportedly set to raise debt limit for first time in 8 years as Ankara fuels credit

Turkey is preparing to raise its debt limit for the first time since 2009 after first-half borrowing left the Treasury near its legal ceiling, Bloomberg reported on July 25. Citing a person with ... more

Dismiss