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Kazakh banks’ foreign debts reduce by 27% in 2011

March 30, 2012, 12:33 UTC+3
The state administration debts also went up from 3.8 billion U.S. dollars in 2010 to 4.5 billion U.S. dollars in 2011
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ASTANA, March 30 (Itar-Tass) —— Foreign debt of Kazakhstan’s banks decreased by 27 percent in 2011 and reached 14.6 billion U.S. dollars, against 19.9 billion U.S. dollars in 2010, Kazakhstan’s National Bank said in a release on Friday.

Meanwhile, foreign debts in other sectors of Kazakhstan’s economy increased from 93.5 billion U.S. dollars in 2010 to 104.2 billion U.S. dollars in 2011. The state administration debts also went up from 3.8 billion U.S. dollars in 2010 to 4.5 billion U.S. dollars in 2011.

Thus, Kazakhstan’s overall foreign debt increased by 4.8 percent to reach 123.848 billion U.S. dollars, as compared with 2010’s 118.226 billion U.S. dollars.

According to the National Bank, public and state-secured foreign debts account for 4.4 percent of the overall foreign debt.

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