External debt stock grows 7.6% qoq in 3Q08

Ukraine’s external debt increased 7.6% qoq or 42% yoy in 3Q08 to USD 105.4 bln (57.0% of GDP), according to the National Bank of Ukraine. Notably, public debt contracted 5.8% over the third quarter. Foreign debt of the banking sector climbed 9.6% qoq (63.2% yoy) to USD 42.1 bln, while debt of other sectors rose 9.0% qoq (40.5% yoy) to USD 44.3 bln.