In February 2022, the total loans of financial institutions in Croatia amounted to HRK 281.8bn, representing an increase of 2.45% YoY, 0.5% MoM.

The Croatian National Bank (HNB) has published a monthly report on the changes experienced by the Croatian financial institutions. In the report, we can see that by the end of February 2022, the total loans to all financial institutions amounted to HRK 281.8bn, representing an increase of 2.5% YoY and 0.5% MoM.

The largest segment, represented by the household loans, experienced an increase of 3.8% YoY (or HRK 5.1bn), 0.3% MoM (or HRK 417.8m). This continues the positive growth trend that was experienced since the beginning of 2022. At the same time, corporate loans recorded an increase of 1% YoY, 2.2% MoM.

Corporate and Household Loans Growth Rate (YoY, %)

In total, loans issued to households amounted to HRK 142bn. The increase was driven by housing loans, which grew by 7.7% YoY (or HRK 4.87bn), and 0.5% MoM (or HRK 323.1m). In February, these loans held the largest share of the household loans, at 48.1%, a slight increase of 0.1 p.p. MoM and 1.7 p.p. YoY. Meanwhile, the 2nd largest category of household loans, the consumer loans ( at 37.6%) increased by HRK 1.31bn (or 2.5%) YoY, and HRK 136.3m (or 0.3% MoM).

At the same time, the household loans growth was reduced by the lower result of credit card loans, which decreased by -22.7% YoY (or HRK -793.7m), and -1.3% (or HRK -36.6m). Meanwhile, other loans (the 3rd largest category of household loans) and overdrafts on transaction accounts (the 4th largest category) decreased by -2.4% (or HRK -215m) and -1.6% (or HRK -101.9m) YoY, respectively. Together, these four categories make up 96.3% of all household loans.

Loans to Households (HRKm)