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18-05-20
Turkey's private sector record decline inforeign loan burden
(MENAFN) Based on a report issued Monday by the Central Bank of the world, the international unpaid loans of Turkey's private sector dropped in March as compared to the end of 2019.
As of March, long-term loans reached USD 177.6 billion, dipping by USD 3 billion from the end of 2019, with financial firms owning 42.2 per cent.
About 61.8 percent of long-term debt in the Turkish private sector was in US dollars, 33.5 percent in euros, 3 percent in Turkish liras and 1.7 percent in other currencies.
Short-term loans from the corporate sector, obligations that would have to be compensated over the coming 12 months, also plummeted in the same time-frame from USD 1.2 billion to USD 7.8 billion.
MENAFN1805202000450000ID1100179984
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