Total bank loans at end of March amount to HRK 270.2 billion

Total bank loans at end of March amount to HRK 270.2 billion

Total bank loans at end of March amount to HRK 270.2 billion Izvor: Ilustracija, REUTERS/Antonio Bronic

Total loans of commercial banks at the end of March amounted to HRK 270.2 billion, seeing an increase on the month for eight months in a row, this time of 2.6%, while the increase on the year was 6.7%, an analysis by Raiffeisenbank Austria (RBA) has shown.

Broken down by currencies, kuna-denominated loans rose by more than HRK 16 billion (15.9%), while loans with a currency clause saw a mild growth of HRK 152.9 million (0.1%), which was a rebound after an 11-month declining streak.

"With a few months of exceptions, the visible trend of growth in kuna loans and decline in foreign currency loans has been present for a little over seven years. The share of foreign currency loans in total loans has been steadily declining since the second half of 2012, when it was 74.4%. In March 2020, foreign currency loans accounted for only 54.7% of total loans," RBA analysts said in their review of the latest data from the Croatian National Bank (HNB).

(€1 = HRK 7.574639)

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