By Gokhan Ergocun
ISTANBUL (AA) - The Turkish private sector's foreign debt totaled $190.4 billion as of May, up $18.1 billion versus the end of 2024.
According to the Central Bank data on Wednesday, long-term loans amounted to $177.5 billion, up $20.7 billion, short-term loans totaled $12.8 billion, down $2.6 billion, over the same period.
The bank said: "Compared to the end of 2024, financial institutions and non-financial institutions’ total liabilities increased by USD 5.3 billion and USD 12.8 billion respectively.
"In the same period, long-term liabilities of financial institutions and non-financial institutions increased by USD 8.6 billion and USD 12.2 billion, respectively."
For the short-term, liabilities of financial institutions decreased by $3.3 billion and non-financial institutions increased by $700 million, the bank added.
Some 58.1% of the total long-term loans were in the US dollar, euro followed it with 32.5%, and Turkish lira with 2.2%.
In the short-term side, 39.5% in the USD, 39.3% in Turkish lira and 18.4% in euro.
The private sector’s total foreign loans with a remaining maturity of up to one year point to principal repayments of $57.8 billion by the end of May; $38.1 billion is held by banks, $15.3 billion by non-financial institutions and $4.4 billion by non-bank financial institutions.