Published
01/27/2026, 16:32The external debt of the banking sector in the countries of the Eurasian Economic Union reached $134 billion 795.8 million. According to the Eurasian Economic Commission, it grew by almost $11 billion over the year.
The total external debt of the union's banks increased over the year, but the most significant growth was recorded in the Kyrgyz banking sector. As of October 1 last year, the external debt of Kyrgyz banks amounted to $1.27 billion, an increase of 39.1% compared to the same date in 2024 ($910.5 million as of October 1).
For comparison, in absolute terms, the largest external bank debt is still concentrated in Russia ($107.8 billion) and Kazakhstan ($16 billion). However, growth in these countries was much more moderate. In Russia, it grew by 9.2%, while in Kazakhstan, it grew by 8.5%.
As of October 1, Armenia's banking sector owed $5.7 billion to external creditors, increasing its borrowing by 23.9% over the year. At the same time, Belarusian banks reduced their external debt. It decreased by almost $856 million to about $4 billion.
Thus, despite the fact that Kyrgyzstan's external banking debt remains the smallest in the EAEU, it is demonstrating the highest growth rates, outpacing its neighboring countries in the union.
