Türkiye's external assets reach $362.5B in May

By Mucahithan Avcioglu

ISTANBUL (AA) - Türkiye's external assets totaled $362.5 billion as of the end of May, up 3.3% year-on-year, official figures from the Central Bank showed on Friday.

The country's liabilities against non-residents were at $671.6 billion, up 0.4% compared to May last year, the bank said.

Türkiye’s net international investment position (NIIP) – assets minus liabilities – was at minus $309 billion, down by $9.2 million compared to May 2024.

As for sub-items under assets, direct investments were at $68.9 billion, rising 1% year-on-year, while other investments totaled $136.25 billion, down 3%.

Reserve asset items were at $153.2 billion in May, up 10.9% compared to the previous year, while portfolio investments totaled $4.2 billion, up 6.8%.

Foreign exchange deposits of resident banks held abroad were at $39.3 billion, reflecting a fall of 11% year-on-year.

As for sub-items under liabilities, direct investments under liabilities posted $190.6 billion by the end of May, falling 2.4%, "as a result of the increase in the foreign exchange rates and the decrease in BIST 100 index value," the central bank said.

Portfolio investments under liabilities climbed 3.2% on an annual basis to $112.4 billion, while other investments rose 1% to reach $368.6 billion.