Total lending by Croatian banks in January 2016 was HRK 272.2 billion, which was 0.9 percent less than in December 2015 and 4.4 percent less than in January 2015, mostly due to a decrease in foreign currency-denominated loans, Raiffeisenbank Austria (RBA) says, citing the latest figures from the Croatian National Bank (HNB).
Foreign currency-denominated loans totalled HRK 193.6 billion in January 2016, down by HRK 1.8 billion or 0.9 percent from December 2015. Compared with January 2015, foreign currency-pegged loans fell by HRK 16 billion or 7.6 percent, continuing their downward trend, with several interruptions, since September 2012.
Compared with January 2015, kuna loans increased by 3.5 billion or 4.6 percent, continuing their upward trend since October 2014. However, compared with end-December 2015, kuna loans accounted for HRK 570.5 million, which was a decrease of 0.7 percent.
Corporate and household sector deleveraging continued, and banking sector exposure to the sovereign continued to increase. Corporate loans increased by HRK 334 million or 0.4 percent from December 2015 and decreased by 5.1 billion or 5.5 percent compared with January 2015.