External debt of Turkish private sector increases
Azerbaijan, Baku, Oct. 18 / Trend A. Taghiyeva /
The external debt of the Turkish private sector increased by $824 million in August 2012 compared to the same period last year amounting to $126.5 billion, the Turkish Central Bank said today.
According to the report, the external borrowing of the banks and non-bank financial institutions decreased by 2.3 per cent.
The indebtedness of the private sector to the non-financial institutions during the year decreased by $188 million, amounting to $21.6 billion.
Around 59.9 per cent of the total external debt of the Turkish private sector has been drawn in dollars, 34.7 per cent in euros and 5.4 per cent in other foreign currency.
Around 60 per cent of foreign borrowing was directed to the service sector, 32 per cent the production and 0.8 per cent in the agricultural sector.