Household Loans Increase in March

By 20 May 2018

ZAGREB, May 20, 2018 - Lending by banks operating in Croatia totalled 119.8 billion kuna in March, which is one billion kuna more than in February, according to figures provided by Raiffeisenbank Austria (RBA).

Lending in March rose by 2.1% on the year, which is the fastest growth since April 2012, which indicates a gradual recovery of the loan activity, RBA analysts note, citing Croatian National Bank (HNB) figures.

At the end of March 2018, 50% of all loans were denominated in the national currency, the kuna. In March 2012, 24% of all loans were denominated in kuna while 76% were denominated in a foreign currency, RBA said in its report released on Friday.

Broken down by loan type, housing loans at the end of March 2018 accounted for 44% of all loans, up 1.6% on the year, reaching 52.6 billion kuna.

General purpose loans at the end of March amounted to 44.2 billion kuna, or 7% more than the year before, the RBA report says.