franak - swiss_franck.jpg
Photograph: Faes

Of all loans in Croatia in 2015, 16.56 percent were non-performing loans, totalling HRK 45.6 billion, the central bank said on Wednesday.

For the first time since mid-2014, the share of non-performing loans dropped below 17%. At the end of June 2014, their share was 16.59%. It was highest at the end of June 2015, reaching 17.34%.

Over 2015, retail and corporate lending continued to decrease. After increasing in Q1 2015 due to a strong appreciation of the Swiss franc in January, the years-long deleveraging continued in the second half of the year, accelerating with the conversion of loans denominated in Swiss francs.

At the end of 2015, loans totalled HRK 275.4 billion, nominally down 1.6% from the end of 2014 and 1.4% from the end of September 2015. At the end of last year, retail lending totalled HRK 120.4 billion, nominally down 1.6% on the annual and 1.3% on the quarterly level, while corporate lending totalled HRK 101 billion.

Non-performing loans accounted for 12.15% of retail lending (HRK 14.6 billion) and 29.93% of corporate lending (HRK 30.2 billion).

Consumers are mostly indebted through housing loans, which totalled HRK 55 billion at the end of 2015, of which HRK 5.4 billion referred to non-performing loans.

Of all loans denominated in Swiss francs (HRK 19.98 billion), 21.62% were non-performing loans (HRK 4.3 billion). The conversion of Swiss franc loans resulted in a decrease in such loans at the end of 2015, nominally by 15.4% on the quarterly level.

Corporate loans denominated in Swiss francs totalled HRK 1.2 billion at the end of last year and 72.65% were at risk of being non-non-performing loans (HRK 874.9 million). Retail lending in Swiss francs totalled HRK 18.5 billion and 18.21% were non performing loans (HRK 3.4 billion).

As for lending in the national currency (HRK 79.5 billion), nearly HRK 14 billion were non-performing loans.

A majority of loans in 2015 was denominated in euros, totalling HRK 172.89 billion, of which 15.27% were non-performing loans (HRK 26.4 billion).


(EUR 1 = HRK 7.6)

Related stories

16.12 pct of loans at end of Q1 non-performing

Lending in June down 4.8 pct y-o-y

Total lending down 6.4% in July

Fall in lending activity continues in January

Household deleveraging continues for 11 months in row

Bank lending down to HRK 267bn in May

Latest news

19-year-old men arrested for putting up anti-Serb stickers in Vukovar, minister condemns incident

Police have arrested a 19-year-old man, suspected of putting up anti-Serb stickers reading  "Serbian Family Tree" with an image of people hanging from a tree and the face of Ante Pavelic, Croatian fascist dictator who led the World War II Ustasha movement and the Independent State of Croatia (NDH), at bus stops along Trpinjska Street in the eastern Croatian town of Vukovar.

Britain faces highest terrorism threat since 1970s, official says

Britain faces its highest threat of terrorism since the 1970s, when the Irish Republican Army planned a series of bomb attacks, a legal official said on Sunday.

Monitor: Syrian regime forces killed in fighting near Lebanon border

Dozens of Syrian regime troops were killed and injured in an attack on Sunday by hardline jihadists led by an al-Qaeda-linked group near the Lebanese border, a monitor said.

Anarchist riots hit central Athens district

Clashes broke out between Greek police and self-styled anarchists in a central Athens neighbourhood early Sunday.

Thousands more affected by noise under Berlin flight route change

Thousands more residents in Berlin could be affected by aircraft noise due to changes in a flight route to a long-delayed new international airport.

Details emerge on Heidelberg car-ramming as police seek motive

The car used to ram into crowds in the south-western German town of Heidelberg was rented in Hamburg, police said Sunday, as they continued to search for a motive for the incident.

Fire at asylum seeker accommodation in Sweden

A fire overnight at an accommodation centre for asylum seekers in Sweden caused injuries to at least a dozen residents, police said on Sunday.

Analysts: Croatia's economy rises 3.3%, hitting new high since 2008

Croatia's economy expanded 3.3 per cent in the last quarter of 2016, compared to Q4 2015, according to projections of economic analysts polled by Hina, who ascribe this record high rise to increasing personal consumption, higher industrial output rates and growing investments.

Fate of German hostage in Philippines unknown as deadline passes

The fate of a 70-year-old German man held captive for three months in the southern Philippines was unknown after a deadline for a ransom to be paid passed Sunday, a military spokesman said.

Dengue fever risk growing in Thailand, authorities say

Dengue fever is posing a greater threat in Thailand, particularly in the southern region, the country's Disease Control Department said Sunday, as the number of people killed by the mosquito-borne disease this year stands at six.

Brexit fears plague locals and expats alike in southern Spain

As Britain's departure from the EU approaches, the anxiety is most palpable on Spain's Costa del Sol, where so many Britons live. What will happen to the economy if the expats one day have to leave?

'La La Land,' politics to share spotlight at Oscars

The Oscars will take the stage Sunday for an awards ceremony whose outcome feels like a foregone conclusion - a win, or 10, for "La La Land."