Mar 14 2019

Turkish private sector foreign loans drop $414 million in January

Long-term foreign currency loans received from abroad by Turkey’s private sector declined $414 million to $210.1 billion in January compared with the previous month, the central bank said.

Short-term loans fell by $1.5 billion to $13.8 billion, the central bank said on its website on Thursday.

Turkish companies are rolling over fewer loans and repaying capital after a currency crisis last year made the borrowing more expensive.