Turkish private sector’s external debt increases

Business Materials 18 January 2013 16:26

Azerbaijan, Baku, Jan. 18 / Trend A. Taghiyeva /

Turkey's external debt in the private sector increased by $2.8 billion reaching $133.8 billion in November 2012 compared to the previous month, the Turkish Central Bank's report, published on its official website, said today.

According to the report, external borrowing of banks and non-bank financial organisations rose by $1.1 billion.

Indebtedness of the private sector towards non-financial organisations during the month rose by $1.2 billion to $23 billion.

Around 59.9 per cent of the total external debt of the Turkish private sector was bought in dollars, 34.7 per cent - euros and 5.4 per cent - foreign currency.

According to the report, some 58 per cent of foreign loans were drawn to services, 41.2 per cent production and 0.8 per cent the agricultural sector.