As of the end of October, the total financial institution’s loans amounted to HRK 279.3bn, which represents a 2.67% increase YoY and a 0.27% increase MoM.

Croatian National Bank (HNB) published its monthly statistical report on loan placement of other monetary financial institutions. According to the monthly statistical report, as of the end of October, total financial institution’s loans amounted to HRK 279.2bn, a rise of 2.67% YoY and an increase of 0.27% MoM.

The largest segment, the household loans recorded a growth of 4.1% YoY and 0.4% MoM. At the same time, corporate loans recorded a 0.63% increase MoM and a -0.1% decrease YoY. This is the first time in 8 months that the corporate loans have experienced an increase (since February). Looking on the YTD basis, household loans increased by 4%, while corporate loans were down by 2.2%.

Corporate and Household Loans Growth Rate (YoY)

Total loans issued to households amounted to HRK 141.66bn, representing a 4.1% increase YoY (or HRK 5.47bn). The increase comes on the back of the rise in housing loans (10.6% or HRK 6.43bn). At the same time, the government’s subsidizing program also influenced the growth of housing loans, which amounted to an increase of 0.5% MoM or HRK 318m. Consumer loans, which remain at the level of 37.7%  (or HRK 53.4bn) of all household loans, witnessed an increase of 1% YoY or HRK 540.7m.

The household loans growth was partially offset by the lower result of other loans ( -5.0% YoY or HRK -477m) and overdrafts on transaction accounts (-6.8% or HRK 462m). Previously mentioned four segments all together account for 96% of total household loans. Looking over to credit card loans and car loans, the negative trend continues as both segments decreased by -0.6% and 2.2% MoM respectively.

Loans to Households (HRK m)