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Turkish foreign debt increases

Business Materials 18 June 2012 18:43 (UTC +04:00)

Azerbaijan, Baku, June 18 /trend A.Taghiyeva/

The Turkish foreign debt amounted to $95.2 billion in April 2012 compared to $90.2 billion in March, the Central Bank of Turkey said on Monday.

Turkey's foreign borrowings, borrowed from banks, increased by 4.1 percent compared to the previous month, reaching $25.2 billion. Some $8.3 billion of this debt were attracted in foreign currency, $28.8 billion - in the lira.

Debt to the private sector increased by four percent in April, reaching $3.2 billion.

Debt for imports declined by 2.5 percent in April, reaching $20.6 billion. The external debt of Turkey to financial organization increased by 20.1 percent to $59.7 billion in April 2012, the debt to non-financial institutions increased by 4.1 percent, reaching $35.5 billion.

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