Last update on: 11.2.2010 | 13:54
BANKING
Citizens owe over HRK 111bn at end-2009
Author/source: SEEbizCitizens owed over HRK 111bn at end-2009, compared to HRK 122bn a year earlier. Only mortgage loans registered an increase to HRK 52.45bn, up HRK 503mn. Consumer and credit card loans prove the most expensive way to maintain liquidity, while research shows that 70% of citizens cannot cover their basic living needs.
Banks placed less than HRK 50bn into consumer loans, down HRK 3bn y/y, but still earned HRK 141mn more on interest rates. Credit card loans were lowered from HRK 5.44bn at end-2008 to HRK 4.89bn a year later, while interest rates brought HRK 12.6mn more revenue. As car sales halved last year, so car loans went down from HRK 9.54bn to HRK 7.6bn.
In sum, banks earned over HRK 10bn on interest rates alone, which is HRK 509.7bn more than in 2008.
Vezane vijesti
-
STATISTICS 8/13/2010 12:52:36 PM
Retail trade increases in June ZAGREB - The retail trade in Croatia was up 5.1% m/m in real terms in June. -
STATISTICS 8/13/2010 12:42:43 PM
Banks' profit down 20% in 1H 2010 ZAGREB - The seven smaller banks had combined loss of HRK 85.1mn. -
STATISTICS 8/12/2010 11:50:10 AM
Households saved up BAM 6.1bn in H1 2010 SARAJEVO - The increase indicates citizens trust the banking system and deposit insurance concept. -
STATISTICS 8/12/2010 11:05:22 AM
Public debt eats away 52.5% of GDP ZAGREB - Year on year, Croatia’s public debt went up 13.5% or HRK 14.3 billion. -
ANNUAL RESULTS 8/11/2010 2:40:23 PM
SMEs in Zagreb earn over a half of total revenue ZAGREB - The City of Zagreb was the leader by entrepreneurial investments.
