External debt of Turkish private sector increases by $3 bln
Azerbaijan, Baku, Nov. 21 / Trend A. Taghiyeva /
The external debt of the Turkish private sector increased by $3.1 billion in September 2012 compared to the previous month amounting to $129.7 billion, the Turkish Central Bank said today.
According to the report, the external borrowing of the banks and non-bank financial institutions increased by $1 billion.
The indebtedness of the private sector to the non-financial organizations during the month increased by $500 million, amounting to $22 billion.
Around 59.4 per cent of the total external debt of the Turkish private sector have been drawn in dollars, 35.1 per cent in euros and 5.5 per cent in other foreign currency.
Around 59 per cent of foreign borrowing were directed to the service sector, 40 per cent the production and 0.8 per cent in the agricultural sector.