loans

Croatia's development bank giving favourable loans for tourism

The Croatian Bank for Reconstruction and Development (HBOR) is continuing the implementation of programmes offering favourable loans to the tourism sector in 2017, with the continued reduction of interest rate by one percentage point and lower fees for loan applications, HBOR has stated.

FinMin says bad loans total approx. HRK 40 billion

Defending the planned comprehensive tax reform in parliament on Tuesday, Finance Minister Zdravko Maric dismissed objections from the Opposition that the reform would benefit primarily banks and less so entrepreneurs while ordinary citizens would benefit the least, informing MPs that the amount of bad loans in mid-2016 stood at around 40 billion kuna.

HBOR cuts interest rates to boost youth employment

The Croatian Bank for Reconstruction and Development (HBOR) will offer favourable loans to small and medium enterprises (SMEs) that employ or plan to employ young people, the bank said on Monday.

8.8 million credit and debit cards in circulation in Croatia in June

At the end of June 2016 there were 8.8 million credit and debit cards in circulation in Croatia, an increase of 1.2% over June 2015, and 77% accounted for debit cards, an international conference on technologies, standards and smart card applications in financial, trade and other sectors said in Opatija earlier this week.

Croatian gov't prepares response to EC on loan conversion

Croatia's government on Wednesday endorsed a letter which it needs to send to the European Commission by the end of the month regarding the conversion of Swiss franc loans.

Total lending down 6.4% in July

Loans issued by Croatian banks by the end of July 2016 totalled HRK 263.5 billion, 6.4% or HRK 18 billion less than in July 2015.

Croatian Bank for Reconstruction and Development reports HRK 107.2 mln profit in H1

In the first half of this year the Croatian Bank for Reconstruction and Development (HBOR) earned profits in the amount of HRK 107.2 million, the bank said in a statement on Wednesday.

16.12 pct of loans at end of Q1 non-performing

Of the HRK 267 billion in bank loans at the end of the first quarter of 2016, 16.12% were non-performing (HRK 43b), according to the latest Croatian National Bank figures.

Lending in June down 4.8 pct y-o-y

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.

Parliamentary parties reluctant to disclose their creditors

Not even after the Croatian Democratic Union (HDZ) was shocked by a revelation that the party took out loans from private companies, are other parliamentary parties willing to disclose who their creditors are or conditions under which they have taken their loans.

HDZ ministers on reports on party's loan from private company

Transport and Infrastructure Minister and Croatian Democratic Union (HDZ) vice-president Oleg Butkovic said on Wednesday that he had asked the party bodies to provide him with information about a loan the HDZ had taken from a private company and was now in arrears and he believes that this matter will be discussed at the party's presidency set for Monday.

HNB: Non-performing loans ratio falls to 16.12% in March

Thus, the NPL rate was reduced by 1.02 percentage points compared to the end of March 2015, and by 0.53 percentage points compared to the end of 2015.

Government approves new loans for HAC motorways operator

The guarantee agreement refers to a loan of EUR 250 million for a period of 15 years and a 2 year grace period which was signed in late March by Finance Minister Zdravko Maric and EBRD Director for Croatia Vedrana Jelusic Kasic.

Lending in Feb down EUR 2.1b year on year

According to the Croatian National Bank, lending at the end of February 2016 totalled HRK 270.1 billion, a decrease of HRK 16 billion on the year (-5.6%) due to household and corporate deleveraging and a decrease of the government's credit debt.

HNB governor: Indebtedness and lack of collateral limiting growth in loans

The central bank governor noted that analyses show that economic recovery of the growth of GDP is followed by growing loans.

FinMin: 93.6% of CHF-indexed loans converted

More than 50,000 CHF-indexed loans have been converted, or about 93.6%, Finance Minister Zdravko Maric said in Zagreb on Tuesday on the margins of a conference called "Loans and Economic Growth".

ZABA to offset 2015 loss by retained profit in 2012

The  Zagrebacka Banka (ZABA) general assembly, which is scheduled for 28 April, is expected to decide to cover the loss of 519.1 million kuna by the retained profit in 2012.

Bad loans account for 16.56 pct of lending in 2015

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.

IJF: Local government direct debt doubles since 2002

The total debt of counties, cities and municipalities more than doubled from 2002 to 2014, growing from HRK 2 billion in 2002 to HRK 4.5 billion in 2014, mostly due to loans, the Institute of Public Finance (IJF) says in a study.

CHF loan holders pleased with talks with ministers of finance, justice

"They are open for talks," Goran Aleksic of Franak told reporters after meeting with Finance Minister Zdravko Maric and Justice Minister Anto Sprlje, adding that they informed the ministers about irregularities in the conversion and what they expected of them.

Most banks continue to apply fixed CHF-HRK exchange rate

The first to decide to continue to apply the fixed exchange rate by the end of this March was Raiffeisenbank Austria in December. Hypo bank extended the deadline too, until April 1.  

Many CHF loan holders still haven't inked conversion deals

The association said that most of the debtors had not signed valid conversion agreements or annexes to the existing loan agreements, but only declarations on acceptance of the conversion.

Proportion of bad loans at end-September at 17.05%

Figures on the quality of loans broken down by currency showed an above average risk of collecting payments for loans denominated in the Swiss franc and loans denominated in the kuna without a foreign currency clause.

Franak: EC establishing situation regarding foreign currency loans

Jourova replied in writing to Franak's complaint submitted after a Croatian Supreme Court ruling on Swiss franc-indexed loans, the association said.