Türkiye’s short-term external debt stock edged down in October, declining by $21 million from the previous month to $165.7 billion, according to data released by the Central Bank of the Republic of Türkiye (CBRT).

In its short-term external debt statistics for October 2025, the CBRT said that when measured by remaining maturity—covering all debts with a remaining term of one year or less regardless of their original maturity—the country’s short-term external debt stood at $226 billion.

Debt originating from the banking sector increased modestly during the month. Short-term external debt of banks rose by 0.8 percent compared to September, reaching $73.4 billion. In contrast, the Central Bank’s short-term external liabilities declined by 0.4 percent to $27.6 billion. Short-term loans obtained by domestic banks from abroad recorded a sharp decrease, falling by 16.7 percent to $7.8 billion.

Deposits held in Türkiye by foreign-resident banks also declined slightly, down 0.5 percent to $19.4 billion. Meanwhile, foreign-currency deposit accounts of non-bank foreign residents increased by 0.4 percent to $21.1 billion, while their Turkish lira-denominated deposits rose by 9.2 percent to $25.1 billion.

Short-term external debt originating from other sectors fell by 0.7 percent in October to $64.7 billion. Within this category, trade credits stemming from foreign trade transactions decreased to $59.2 billion, while liabilities related to cash loans declined to $5.5 billion.

The CBRT data also showed that the currency composition of Türkiye’s short-term external debt remained diversified. US dollars accounted for 34.5 percent of the total, euros for 26.8 percent, Turkish lira for 23 percent, and other currencies for 15.7 percent.

Based on remaining maturity, credit and bond liabilities of banks and other sectors declined to approximately $65.4 billion, while deposits held by foreign residents in Turkish banks increased to around $65.6 billion, highlighting a shift within the structure of short-term external liabilities. (ILKHA)