Türkiye’s private sector loans at $206.2B in September

Türkiye’s private sector loans at $206.2B in September

Long-term loans up $10.3B from end-2024, short-term loans down $600M

Turkish private sector loans reached $206.2 billion as of September, up $9.7 billion from the end of 2024, Türkiye’s Central Bank said on Monday.

Long-term loans amounted to $196.3 billion, an increase of $10.3 billion, while short-term loans were at $9.9 billion, down by $600 million, the bank said.

The US dollar makes up 57.6% of the $196.3 billion in total long-term loans, followed by the euro with 32.5%, the Turkish lira with 2.5%, and other currencies with 7.4%.

In the short-term loans, the US dollar made up 29.2%, the euro 19.7% the Turkish lira 49%, and other currencies 2.1%.

“The private sector’s total outstanding loans received from abroad with a remaining maturity of up to 1 year point to principal repayments of USD 64.1 billion by the end of September,” the central bank added.