Outstanding short- and long-term debts of the private sector declined in March, the Central Bank said.
The total foreign debt of private sector saw USD 170.2bn as of March, falling by USD 3.5bn.
The private sector’s short-term overseas loans – excluding trade credits – totaled USD 9.1bn in March, down USD 605m compared to the end of last year.
Some 83.7% of short-term loans consisted of the liabilities of financial institutions, the bank said.
Broken down by currency, the majority of the country’s short-term credit, 39.1%, was in USD, while 35.8% was in EUR, 22.3% in TRY, and 2.8% in other currencies.
On the other side, the private sector’s long-term debt fall by USD 2.9 m to USD 161 bn over the same period.
The Central Bank said 43% of the total long-term foreign loans were owed by financial institutions and 57% by non-financial institutions.
On their currency composition, long-term loans totaled USD 161bn, with 63.4% consisting of USD, 32.6% in EUR, 2.2% in TRY, and 1.8% in other currencies, it added.
Based on a remaining maturity basis, the private sector’s total outstanding foreign loans indicate principal repayments of USD 42.2bn over the next 12 months by the end of March.