Private sector's foreign credit debt decreased in June

According to CBRT data, as of the end of June, the total loan debt of the private sector from abroad decreased by $3.2 billion compared to the end of 2022 and amounted to $154.6 billion. The Central Bank of the Republic of Turkey (CBRT) published the Developments in Private Sector Loan Debt Received from Abroad data for June 2023. Accordingly, as of the end of June, the total loan debt of the private sector from abroad decreased by $3.2 billion compared to the end of 2022 and amounted to $154.6 billion. When examined by maturity, it was observed that long-term loan debt decreased by $3.9 billion to $145.8 billion, while short-term loan debt (excluding commercial loans) increased by $676 million to $8.8 billion compared to the end of 2022. When the total loan debt of the private sector from abroad was examined by the remaining maturity as of the end of June, it was observed that the total principal repayments to be made within 1 year were $42.5 billion.