Turkish private sector foreign debt increases in Jan.

Business Materials 15 March 2013 20:35 (UTC +04:00)

Azerbaijan, Baku, March 15 / Trend, A. Taghiyeva /

The foreign debt of Turkey's private sector increased by $1.5 billion in Jan. 2013 compared to the previous month and amounted to $138.7 billion, the Turkish Central Bank said in a report posted on its official website today.

According to the report, external borrowing of banks and non-bank financial institutions increased by $1 billion.

Private sector debts to non-financial institutions during the month increased by $148 million and amounted to $23.5 billion.

According to the report, 60 percent of the total foreign debt of the private sector in Turkey is drawn in dollars, 34 percent - in euros and 5.5 percent - in other foreign currency.

The report indicates that 53 percent of external borrowings were involved in the sphere of services, 45 percent - production and 1 percent - in the agricultural sector.