The total foreign debt in September also went down nominally by EUR 152.8 mln or 0.3% from the end of 2011.
"If we observe the annual dynamics, it is obvious that the inflow of capital in the first half of last year was relatively strong due to state borrowing, while in the third quarter, despite better foreign loan conditions, there was a considerable deleveraging by banks and companies", the bank's analysts report in their latest bulletin.
The central bank's statistics show that the state's foreign debt at the end of September last year amounted to EUR 8.4 billion, rising by EUR 1.4 billion or 20% from the end of 2011. The state's share in the foreign debt grew from 15.3% at the end of 2011 to 18.4% at the end of September 2012.
"Only the central government worsened its foreign position, as a result of the bond issue on the US market in April 2012 and related transactions on the secondary market later in the year", HNB's bulletin says.
The foreign debt by commercial banks at the end of September last year amounted to EUR 10.63 billion, which was a reduction of EUR 992.8 million or 8.5% compared to the end of 2011.
HNB data indicates that the foreign debt of commercial banks at the end of 2011 amounted to EUR 11.6 billion, in Q1 it grew by EUR 121.7 million to EUR 11.7 billion, but at the end of June the debt fell to EUR 11.3 billion and further to EUR 10.6 billion at the end of September.
The foreign debt of other sectors, including companies and non-banking financial institutions, went down by 2.7%, or a nominal EUR 544 million, from the end of 2011 to EUR 19.6 billion at the end of September.
Foreign direct investment in the first three quarters of 2012 was a mere EUR 500 million, half the amount invested in the corresponding period in 2011.