CNB Council: Corporate and household lending stagnant

Published: 9/10/2012

At its regular session today, the Croatian National Bank Council reviewed the latest economic and monetary developments and adopted a monetary policy projection for the last quarter of the year.

The Council members were briefed on detailed bank lending activity indicators in the previous part of the year which was generally marked by stagnancy in bank placements. Corporate loans (excluding the effects of the exchange rate and of the transfer of the shipyards' debt to the state) dropped by 0.3% and household loans by 1.1% at end-August from the end of 2011.

The Council was also presented a report on the situation and problems in the credit union system which comprised 24 such institutions in the middle of the current year, their total balance sheet standing at HRK 579 million, or 0.13% of the total credit institutions' assets.

The Council adopted a decision on the features of the commemorative 25 kuna coin in circulation, dedicated to the signing of the Treaty Concerning the Accession of the Republic of Croatia to the European Union on 9 December 2011. The commemorative coin will be minted in 20,000 pieces and will be put into circulation on 3 December.