Turkish private sector's foreign debt at $185.9B as of April

By Gokhan Ergocun

ISTANBUL (AA) – The foreign debt of the Turkish private sector totaled $185.9 billion as of April, up $13.8 billion from the end of 2024, the Turkish Central Bank announced on Wednesday.

Long-term loans amounted to $173.5 billion, an increase of $16.7 billion, while short-term loans were at $12.5 billion, up by $2.9 billion, the bank said.

Some 57.2% of total debt was taken by the non-financial sector while the rest was taken by the financial sector.

A total of 57.9% of long-term loans were in the US dollar, 33% in the euro, 2.1% in the Turkish lira, and 7% in other currencies, while 46% of the short-term debt was in the US dollar, 31.1% in the lira, 19.5% in the euro, and 3.3% in various other currencies.