External debt of Turkey’s private sector increases
Azerbaijan, Baku, April 17 / Trend A.Taghieva /
The external debt of the private sector of Turkey in February 2012 increased by 6.3 percent, compared to the same month in 2011, amounting to $28.8 billion, a report of the Central Bank of Turkey said on Tuesday.
According to the report, external borrowings of banks and non-bank financial institutions grew by five per cent, amounting to $26.2 billion.
Debts of the private sector to non-financial institutions in February 2012 rose by 21.2 percent, amounting to $2.16 billion.
Some 59.6 per cent of total external debt of the private sector of Turkey was drawn in dollars, 35.7 per cent - the euro and 4.7 percent - in other foreign currencies.
Some 57 percent of external debt was directed to the service sector, 42.2 percent - production sector and 0.8 percent - agricultural sector.