Turkey’s private sector loans reach over two billion dollars
Long-term borrowing accounted for $196.3 billion, rising by $10.3 billion, while short-term loans dropped to $9.9 billion, a decrease of $600 million, as stated by reports.
In terms of currency composition, the US dollar represents 57.6% of the total long-term loans, followed by the euro at 32.5%, the Turkish lira at 2.5%, and other currencies making up 7.4%. For short-term loans, the Turkish lira dominates with 49%, while the US dollar accounts for 29.2%, the euro 19.7%, and other currencies 2.1%.
"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 central bank added.
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