Debt maturing within the next 12 months rose 3.6 percent in October compared to the end of last year, the bank said in a statement.
“Specifically, in this period, banks’ short-term external debt stock decreased by 1.0 percent to $56.6 billion and other sectors’ short-term external debt stock increased by 8.2 percent to $55.0 billion,” it noted.
Half of the country’s short-term foreign debt stock was in U.S. dollars, followed by 30.6 percent in euros, 13.4 percent in Turkish liras, and 6 percent in other currencies.
The public sector’s short-term debt — mainly of public banks — hit $21.7 billion, up 3.7 percent, while the figure for the private sector was up 5.2 percent to $89.9 billion during the same period.
The short-term foreign exchange (FX) loans banks received from abroad slipped 22.1 percent from end-2018 to $8.6 billion in October.
Hurriyet Daily News