The External Debt of Slovakia as at 31 October 2008

27. 01. 2009 | Information for Public

Gross external debt
The total gross external debt was USD 48.6 billion  as at the end of October 2008, or  EUR 37.3 billion. The total long-term external debt decreased by USD 2.4 billion in October with the decrease of the total short-term external debt by USD 2.0 billion. The month-on-month decrease in foreign debt of the SR was significantly influenced by the EUR/USD exchange rate.    

As to the total long-term external debt in September, the figure for external liabilities in the item Government and NBS decreased by USD 1.1 billion. owing to the decreased interest in purchase of  government bonds denominated in SKK. Long-term foreign debt of the commercial sector decreased by USD 1.3 billion of which the foreign debt of the commercial Banks by USD 0.3 billion and the foreign debt of corporations by USD 1.0 billion, of which a decrease of USD 0.9 billion was that of loans.                  

As to the short-term external debt, a decrease of USD 1.2 billion in the short-term external liabilities of the commercial banks was reported and  short-term external liabilities of corporations decreased by USD 0.8 billion, of which a decrease of USD 0.7 billion was reported in the commercial loans item.       

The total gross external debt per capita in Slovakia was USD 9,041 at the end of October. The ratio of total short-term external debt to total gross external debt of Slovakia was 51.8 % at the end of October 2008, which was a month-on-month increase of 0.5 percentage points.

External Debt of the SR

mil. USD mil. EUR
31. 12. 2007 30. 09. 2008 31. 10. 2008 31. 12. 2007 30. 09. 2008 31.10.2008

Total external debt of Slovakia 44 308,7 53 045,3 48 633,4 30 156,2 36 963,7 37 295,7
1) Long-term external debt 20 709,7 25 848,3 23 459,8 14 094,9 18 011,9 17 990,7
    Government and NBS* 9 502,4 10 831,9 9 716,5 6 467,3 7 548,0 7 451,3
    Commercial banks 2 150,8 3 135,5 2 879,2 1 463,8 2 184,9 2 208,0
    Corporations 9 056,5 11 880,9 10 864,1 6 163,8 8 279,0 8 331,4
2) Short-term external debt 23 599,0 27 197,0 25 173,6 16 061,3 18 951,8 19 305,0
    Government and NBS 0,0 0,0 0,0 0,0 0,0 0,0
    Commercial banks 12 095,6 14 225,5 12 992,2 8 232,2 9 912,8 9 963,4
    Corporations 11 503,4 12 971,5 12 181,4 7 829,1 9 039,0 9 341,6
Foreign assets 37 017,4 40 142,4 36 917,6 25 193,8 27 972,6 28 311,1
Net external debt 7 291,3 12 902,9 11 715,8 4 962,4 8 991,1 8 984,6
SKK/USD and SKK/EUR 22,870 21,112 23,306 33,603 30,297 30,391
EUR/USD Crossrate - 1,469 1,435 1,304

Source: NBS
* including government agencies and municipalities

Net external debt, calculated as a deduction of gross external debt in the amount of USD 48.6 billion (NBS and Government liabilities, liabilities of commercial banks and liabilities of corporations - excluding capital participation) and foreign assets in the amount of USD 36.9 billion (NBS's foreign exchange reserves, foreign assets of commercial banks, foreign assets of corporations - excluding capital participation) reached a debtor position of USD 11.7 billion at the end of October 2008 and on a month-on-month basis it decreased by USD 1.2 billion.

 

Jana Kovacova
Spokesperson of the NBS

 

National Bank of Slovakia
Communications Section
Imricha Karvasa 1, 813 25 Bratislava, Slovak Republic
Tel.: +421-2-5787 2168,+421-2-5865 2168, +421-2-5787 2169, 421-2-5865 2169
Internet: http://www.nbs.sk

Reproduction is permitted provided that the source is acknowledged.


Naspäť