End-September gross external debt/GDP falls yoy to 75%

Ukraine’s gross external debt increased 2.7% (USD 3.49 bln) in 3Q12 to USD 132 bln, or 75.3% of annualized GDP in 9M12, according to the National Bank of Ukraine.

Alexander Paraschiy:  In addition to steadily growing corporate loans, state borrowings in July-September (USD 2.6 bln Eurobonds) also contributed to the gross external debt increase.  The relative value of gross external debt at 75.3% of GDP looks safe since it is even lower than at the year’s start (76.4%).  And the good news is that short-term debt (due within 12 months) even declined 8.3% qoq (USD 2.9 bln) to USD 32.2 bln.