As of end August, total financial institution’s loans amounted to HRK 279.04bn, which represents a 2.9% increase YoY and a 0.3% decrease MoM.

Croatian National Bank (HNB) published their monthly statistical report on loans placement of other monetary financial institutions. According to the monthly statistical report, as of end August, total financial institution’s loans amounted to HRK 279.04bn, which represents a 2.9% increase YoY and a 0.3% decrease MoM.

Its largest segments household loans recorded a significant growth of 4% YoY and 0.13% MoM. Meanwhile, corporate loans witnessed a decrease of 0.4% YoY. It’s also worth noting that corporate loans documented a negative trend for the sixth consecutive month, both on YoY and MoM (-0.4% YoY and -0.98% MoM). Focusing on a YTD basis, household loans rose by 3.2%, while corporate loans are down by 2.1%.

Total loans issued to households amounted to HRK 140.51bn, representing an increase of 4% YoY (or HRK 5.34bn). Such an increase was mainly a consequence of a rise in housing loans (+10.3% YoY or HRK 6.17bn).  Consumer loans, which maintained the level of 37.6% (or HRK 52.87bn) of all household loans, witnessed a minor growth of 0.2% YoY (or HRK 115.8m).  It is worth noting that these two items account for 84.9% of the total loans to households.

Turning our attention to car loans, it is worth noting that negative trend continues, as this segment recorded  a decrease of 24% YoY (HRK 108.4m).