ISTANBUL: Trkiye's short-term debt stock was at $176.1 billion at the end of July, unchanging from the end of 2023, the Central Bank of the Republic of Trkiye (CBRT) said on Wednesday. Banks' short-term external debt stock rose by 12.7% to $77.1 billion and other sectors' short-term external debt stock declined by 1.7% to $60.3 billion, the bank noted. Short-term foreign exchange loans of the banks received from abroad increased by 42.9% to $18 billion. From the borrowers side, the short-term debt of public sector, which consists of public banks, increased by 11.6% to $38.5 billion and the short-term debt of private sector increased by 3.8% to $99 billion compared to the end of 2023. The currency breakdown of short-term external debt stock composed of 47.3% US dollars, 21.5% euro, 14.8% Turkish lira and 16.4% other currencies. Short-term external debt stock on a remaining maturity basis, calculated based on the external debt maturing within one year or less regarding of the original maturity, recorded %2 32.8 billion, of which %21.4 billion belongs to the resident banks and private sectors to the banks' branches and affiliates abroad. From the borrowers side, public sector accounted for 23.7%, Central Bank accounted for 16.6% and private sector accounted 59.7% in total stock. Source: Anadolu Agency
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