Thursday, 21 October 2021 08:48 GMT

Turkish private sector’s outstanding foreign loans stand at USD173.4B in August

(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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