Lending lowered by 15 bn kuna in April

The volume of the total lending in late April came to HRK 266.2 billion, which was down by 14.9 billion kuna, or by 5.3% than in April 2015, according to the latest figures provided by the Croatian National Bank (HNB).

The volume of total loans also went down month-on-month by 421 million kuna or by 0.2%, and lending was also reduced by 8.2 billion or by 3% since the beginning of this year.

Raiffeisenbank Austria (RBA) analysts note that a reduction in the volume of lending could be ascribed partly to the conversion of the Swiss franc-indexed loans into borrowing pegged to the euro.

The deleveraging in household debt has been continuing for 10 months year-on-year.

(EUR 1 = HRK 7,5)

Last update: Tue, 07/06/2016 - 11:18
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