Croatia's gross foreign debt down 1.2% m/m at end-July on lower banks debt.

By bne IntelliNews October 25, 2012
Croatia's gross foreign debt dropped 1.2% on the month to EUR 46bn at end-July, the central bank (HNB) said in its monthly bulletin. The drop was prompted by a 4% monthly decline in commercial banks debt, which reached EUR 10.8bn at end-July. The government debt also inched down by 0.1% on the month to EUR 8.2bn at end-September. Corporate debt stepped down by a monthly 0.5% to EUR 20bn at end-July. The foreign debt stemming from direct investments edged up 0.1% on the month to EUR 6.9bn at the end of July. In annual terms, the gross foreign debt went down 2.3% on the year on lower banks debt, which declined 3.9% on the year, and lower corporate debt, which fell 5.2%. In USD terms, the debt narrowed 16% on the year to USD 56.4bn at end-July.

Croatia's gross foreign debt down 1.2% m/m at end-July on lower banks debt.

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