(MENAFN) Türkiye's Central Bank disclosed Monday that private sector borrowing from foreign sources climbed to $206.2 billion by September's close, marking a $9.7 billion surge since the year began.

Extended-term borrowing swelled to $196.3 billion—a $10.3 billion jump—while obligations due within one year contracted by $600 million to settle at $9.9 billion, according to the monetary authority's latest figures.

Currency composition of the $196.3 billion extended-debt portfolio reveals dominant reliance on the US dollar at 57.6%, trailed by euro-denominated obligations comprising 32.5%. The Turkish lira accounts for a modest 2.5%, with remaining currencies constituting 7.4% of long-term liabilities.

Short-duration borrowing shows a contrasting pattern: Turkish lira obligations represent 49% of the $9.9 billion total, while dollar-based debt captures 29.2%, euro commitments 19.7%, and alternative currencies 2.1%.

Türkiye's Central Bank emphasized the immediate repayment burden facing corporations, stating: "The private sector's total outstanding loans received from abroad with a remaining maturity of up to 1 year point to principal repayments of USD 64.1 billion by the end of September."

The data underscores Turkish businesses' substantial exposure to foreign currency fluctuations as $64.1 billion in near-term obligations loom over the economy through year-end.

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