Slovakias gross foreign debt rises 0.6% m/m in August 2012.

By bne IntelliNews December 3, 2012

Slovakias gross external debt grew by 0.6% m/m in August 2012 to USD 66.73bn, following a 2% monthly decline in the previous month, preliminary central bank data showed. The increase came as a 5.3% monthly growth in the external debt of the government and a 4.5% rise in the debt of the non-financial sector offset an 8.5% fall in the debt of commercial banks and an 8.3% decline in the debt of the central bnak. On an annual basis, the countrys gross foreign debt dropped by 11.4% as of end-August, driven down by a 45.2% drop in the external debt of commercial banks and a 41.3% decline in the central banks debt, while the governments debt widened by 31.9%.

USD mn	Aug-2012	July-2012	Aug-2011	m/m change	y/y change
GROSS FOREIGN DEBT - TOTAL	66,733.1	66,331.0	75,301.2	0.6%	-11.4%
General government	23,245.1	22,077.8	17,624.1	5.3%	31.9%
--short term debt	509.7	488.2	117.5	4.4%	333.8%
--long term debt	22,735.4	21,589.6	17,506.6	5.3%	29.9%
Central bank	12,154.5	13,249.0	20,716.8	-8.3%	-41.3%
--short term debt	11,950.7	13,045.5	20,501.0	-8.4%	-41.7%
--long term debt	203.8	203.5	215.8	0.1%	-5.6%
Banks	5,888.3	6,433.7	10,738.6	-8.5%	-45.2%
--short term debt	2,567.3	3,221.6	6,861.1	-20.3%	-62.6%
--long term debt	3,321.0	3,212.1	3,877.5	3.4%	-14.4%
Other sectors	10,525.3	10,076.0	10,988.9	4.5%	-4.2%
--short term debt	5,558.5	5,391.7	5,813.4	3.1%	-4.4%
--long term debt	4,966.8	4,684.3	5,175.5	6.0%	-4.0%
Direct investments: intercompany lending	14,919.9	14,494.5	15,232.8	2.9%	-2.1%
--short term debt	6,629.3	6,535.3	6,569.2	1.4%	0.9%
--long term debt	8,290.7	7,959.2	8,663.7	4.2%	-4.3%

Slovakias gross foreign debt rises 0.6% m/m in August 2012.

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