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

Erdogan says he plans talks with lenders on cutting Turkish interest rates

Turkey's President Recep Tayyip Erdogan said on October 13 that he plans to hold talks with both public and private lenders on how to lower interest rates. He did not say, however, when those ... more

Turkey's Erdogan turns fire on US ambassador in diplomatic spat over arrest

Turkish President Recep Tayyip Erdogan has turned his fire on the US ambassador to Turkey for the ... more

Turkey-based Eurasian development bank ETDB signs memo to boost return to Iran

The Central Bank of Iran (CBI) and the Turkey-based ECO Trade and Development Bank (ETDB) have signed a memorandum on strengthening bilateral ties, the CBI said on October 10. ETDB is a Eurasian ... more