breaking news Turkey: Private Sector's External Debt Down In July last minute news

MetiNews.Com - Outstanding short term foreign loans stand at $8.5B, while long term loans at $162.2B, says Central Bank.

breaking news Turkey: Private Sector's External Debt Down In July last minute news

MetiNews.Com - Outstanding short term foreign loans stand at $8.5B, while long term loans at $162.2B, says Central Bank.

breaking news Turkey: Private Sector's External Debt Down In July last minute news
16 September 2020 - 08:16

Breaking News ! The Turkish private sector's outstanding foreign loans shrank in July compared to end-2019, the Turkish Central Bank announced Wednesday.The short-term loans – excluding trade credits – of the sector received from abroad were at $8.5 billion as of July 2020, down $199 million from the end of December 2019.Some 83.5% of short-term loans consisted of the liabilities of financial institutions, the bank said.Broken down by currency, the majority of Turkey's short-term credit, 43.4%, was in euros, with 39.3% in US dollars, 15.1% in Turkish liras, and 2.2% in other currencies.The private sector's long-term debts fell $16.

.2 billion in the same period.The bank said 43.7% of the total long-term foreign loans were owed by financial institutions."Regarding the currency composition of the total long-term loans, 62.8% consists of US dollars, 34.0% euros, 2.5% Turkish liras and 0.7% consists of other currencies," it said.The private sector's total outstanding loans received from abroad, based on a remaining maturity basis, point to principal repayments of $41.9 billion for the next 12 months by the end of July. -

Source = MetiNews.Com

This news 36 hits received.

breaking news Turkey: Private Sector's External Debt Down In July last minute news


breaking news Turkey: Private Sector's External Debt Down In July last minute news


breaking news Turkey: Private Sector's External Debt Down In July last minute news


breaking news Turkey: Private Sector's External Debt Down In July last minute news

COMMENTS

  • 0 Comment
Last News
MAY INTEREST YOU x
Premier league news  Tottenham morning headlines as Spurs remain in talks over Skriniar transfer Last spor news
Premier league news Tottenham morning headlines as Spurs remain in...
Uk news  Police swoop on street protests over sex offender claim in Ayrshire estate MetiNews.Com
Uk news Police swoop on street protests over sex offender claim in...