Turkish private sector’s external debt grows by over $200 million
Azerbaijan, Baku, May 16 / Trend A.Tagiyeva /
In March 2013, the Turkish private sector's foreign debt grew by $202 million compared to the previous month, totalling $138.5 billion, the Central Bank of Turkey stated in its report published on its official website on Thursday.
According to the report, external borrowing of banks and non-bank financial institutions declined by 529 million dollars.
The private sector's indebtedness to non-financial institutions during the month decreased by $324 million to $20.9 billion. The indebtedness to foreign commercial banks declined by $381 million, amounting to $38.5 billion dollars.
According to the report, 59 per cent of the total external debt of Turkey's private sector is attracted in dollars, 34.4 per cent in euros and 6.6 per cent in other foreign currencies.
The report indicates that 59.9 per cent of foreign loans have been attracted to the service sector, 39.4 per cent to the area of production and 0.7 per cent to the agricultural sector.