• Gündem Haberleri

Private-sector debt at scary levels

The amount of debt payable within one year stands at 69.6 billion dollars.

Abone Ol

 

 

 

At the end of June, long-term foreign loans secured by the private sector decreased by 36

million dollars as against the end of 2017 to amount to 221.7 billion dollars. According the

Central Bank, the private sector’s short-term outstanding debt excluding commercial credits,

conversely, rose by 486 million dollars to stand at 19.1 billion dollars. This means that total

debt amounted to 240.8 billion dollars.

 

While banks’ long-term loan indebtedness fell by 1.2 billion dollars, their bond indebtedness

increased by 194 million dollars to reach 30.7 billion dollars. Over the same period, with non-

bank financial institutions’ loan indebtedness falling by 355 million dollars, the value of their

outstanding bonds fell by 841 million dollars to 3.7 billion dollars. Examination of the private

sector’s total foreign loan indebtedness reveals that principal repayments due within one year

amount to 69.6 billion dollars.