As of end April, total financial institution’s loans amounted to HRK 274.3bn, which represents a 0.7% increase YoY.
Croatian National Bank (HNB) published their monthly statistical report yesterday on loans placement of other monetary financial institutions. According to the monthly statistical report as of end April, total financial institution’s loans amounted to HRK 274.3bn, which represents a 0.7% increase YoY and a decrease of -0.7% MoM. Such figures do indicate that credit activity, especially certain segments, showed very solid resilience during the pandemic.
Its biggest categories household loans and corporate loans evidenced growth of 2.7% YoY and -0.2% YoY, respectively. On a monthly basis Corporate loans have for the 2nd consecutive month noted a decrease (-0.68% MoM) and ended April at HRK 86.3bn. When looking on a YTD basis, corporate loans remained flat, while household loans are up by 1%.
To be specific, total loans issued to households amounted to HRK 137.5bn, representing an increase of 1% YTD (or HRK 1.35bn). Such an increase was almost entirely driven by a rise in housing loans (+2.6% YoY or HRK 1.6bn), which continue to show solid increases for the 12th consecutive month. Housing loans growth was partially offset by a lower result of mostly credit card loans (-6% YTD or HRK 219m) and consumer loans (-2.3% or HRK 210m). The mentioned segments account for more than 86% of total household loans.
We also note that car loans continue to observe a negative trend (MoM decrease for each consecutive month in 2021) and are down by 7.8% YTD.
Loans to Households (HRK bn)
