Türkiye’s Short-Term External Debt Declines Slightly to $168.2 Billion in Q2 2025
Debt
According to the Central Bank of the Republic of Türkiye (CBRT), the country’s short-term external debt stock (STED) fell by 0.3% compared to the previous quarter, reaching $168.2 billion at the end of Q2 2025.
When calculated based on remaining maturity—covering all debt due within one year regardless of the original maturity—Türkiye’s STED stood at $220.3 billion.
Breakdown by Sector:
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Banks: Fell 6.7% quarter-on-quarter to $72.7 billion.
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CBRT Liabilities: Decreased 2.8% to $29.3 billion.
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Domestic Banks’ Short-Term Loans from Abroad: Dropped sharply by 44.5% to $10.3 billion.
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Foreign Banks’ Deposits in Türkiye: Rose 2.6% to $19.1 billion.
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Foreign Residents’ FX Deposits (non-banking): Increased 7.4% to $20.9 billion.
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Foreign Residents’ TRY Deposits: Gained 5.2%, reaching $22.4 billion.
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Other Sectors: Jumped 9.2% to $66.3 billion, driven by trade finance.
Trade and Cash Credits:
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Trade-related short-term loans surged 8.4% to $61.3 billion.
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Cash loan liabilities rose 19.9% to $4.9 billion.
Currency Composition:
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USD: 37%
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EUR: 27%
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TRY: 21%
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Other currencies: 15%
Remaining Maturity Basis:
As of June 2025, bank and non-bank loan obligations totaled $59.0 billion, while trade credit liabilities amounted to $62.0 billion.
Experts note that while Türkiye’s overall short-term debt stock eased slightly, the rise in other sector borrowings and the heavy reliance on trade credits highlight the economy’s exposure to external liquidity risks.
