(MENAFN) According to the Turkish Central Bank, in August, the Turkish private sector’s outstanding foreign loans amounted at USD173.4 billion, increased slightly by USD50 million in comparison to end-2020.
The short-term loans – excluding trade credits – of the sector received from abroad stood at USD8.9 billion as of August, decreased USD835 million from the end of 2020.
the bank further declared that some 83.4 percent of short-term loans included the liabilities of financial institutions.
Moreover; 36.3 percent of Turkey's short-term credit was in euros, 35.3 percent in US dollars, 25.1 percent in Turkish liras, and 3.3 percent in other currencies.
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