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The foreign debt of Türkiye’s private sector reached $195.4 billion at the end of June, the highest in 67 months, according to Central Bank data released Thursday. The total rose by $11.7 billion from the previous quarter.
Long-term loans increased by $16.9 billion to $185.2 billion, while short-term debt — excluding trade credits — fell by $5.2 billion to $10.2 billion.
Debt owed by financial institutions climbed by $4 billion to $84 billion. Non-financial companies’ debt rose $7.7 billion to $111.4 billion.
Of the long-term debt, 57.9% was denominated in U.S. dollars, 32.9% in euros, 1.9% in Turkish lira, and 7.3% in other currencies. Short-term debt was 38.7% in U.S. dollars, 21.7% in euros, and 37% in Turkish lira.
As of June, $56.8 billion in debt is due within one year: $36.7 billion owed by banks, $15.4 billion by non-financial companies, and $4.7 billion by non-bank financial institutions.
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