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Photograph: Photo by peter-facebook, used under CC0

At the end of June 2016, loans in Croatia totalled HRK 267.7 billion, down 4.8% on the year, continuing a downward trend in lending which began in November 2012, Raiffeisenbank Austria analysts said on Monday, citing Croatian National Bank data.

After a mild monthly increase in May, June again saw a month-on-month decrease in lending, by 0.8%.

The year-on-year decrease in lending is due to a conversion of Swiss franc loans and the continuation of household deleveraging, which resulted in a 7.4% annual fall in lending in June.

Household loans at the end of June 2016 totalled HRK 118.2 billion, accounting for nearly 45% of all lending. Corporate loans totalled HRK 86.9 billion (-4.7% on the year and -2.3% on the month). Loans to the central government totalled HRK 51 billion (+0.8% on the year and +0.3% on the month).

(EUR 1 = HRK 7.47)

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Bank lending down to HRK 267bn in May

Lending in Feb down EUR 2.1b year on year

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 0.6% y-o-y

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