Banks’ short-term external debt rises 3.9% to $77.3B, while other sectors’ debt falls 1%
Türkiye’s short-term external debt stock rose 1.3% month-on-month to $172.7 billion at the end of May, the country’s central bank said Friday.
The short-term external debt stock calculated on a remaining-maturity basis, covering liabilities due within one year regardless of their original maturity, stood at $242 billion,according to the Turkish Central Bank.
Banks’ short-term external debt increased 3.9% from the previous month to $77.3 billion.
Their short-term foreign exchange loans obtained from abroad fell 7.5% to $7.1 billion.
Foreign exchange deposits held by non-resident banks at domestic banks rose 9.2% to $20.3 billion, while deposits belonging to other non-residents declined 1% to $22 billion.
Non-residents’ Turkish lira deposits increased 7.5% to $28 billion.
The short-term external debt of other sectors decreased 1% month-on-month to $70.7 billion.
Trade credit liabilities arising from foreign trade transactions fell 1.3% to $63.6 billion, while cash loan liabilities rose 1.3% to $7.1 billion.
US dollar-denominated liabilities accounted for 34.9% of the total short-term external debt stock, followed by the euro at 26.1%, the Turkish lira at 25.6% and other currencies at 13.4%.
Source: aa