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.
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