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Croatian banking sector end-Sept NPLs ratio falls to 17.05%

Croatian banking sector end-Sept NPLs ratio falls to 17.05% Capricorn Studio/Shutterstock.com

ZAGREB (Croatia), December 2 (SeeNews) – The share of non-performing loans (NPLs) in Croatia's banking system fell to 17.05% of the 279.23 billion kuna ($38.9 billion/36.6 billion euro) total loan portfolio at the end of September from 17.34% at the end of June, central bank data indicated.

The NPLs ratio was slightly down from an audited 17.06% at the end of 2014, central bank data showed.

The share in total corporate loans of partly recoverable and fully irrecoverable loans was 31.08% at the end of September, while the same indicator for household loans was 12.10%.

Croatia's banks, including savings banks, posted a combined pre-tax loss of 4.55 billion kuna in the first nine months of 2015, provisional unaudited data from the country's central bank showed.

A year earlier, preliminary central bank data showed that Croatian lenders, including savings banks, posted a combined pre-tax profit of 1.96 billion kuna.

The combined total assets of the local banks amounted to 407.3 billion kuna at the end of September versus an audited 395.2 billion kuna at the end of December 2014, central bank data showed.

A total of 15 local banks were loss-makers in the first nine months of 2015, up from 10 a year earlier.

Societe Generale Splitska Banka was Croatia's top performer in the review period with a pre-tax profit of 110.7 million kuna, the data from the central bank showed. It was followed by Hrvatska Postanska Banka and Istarska Kreditna Banka Umag with a pre-tax profit of 109.3 million kuna and 12.5 million kuna, respectively.

Among the loss-makers, Hypo Alpe-Adria-Bank led the way with a pre-tax loss of 2 billion kuna in the nine months through September. Erste&Steiermaerkische Bank came in second with a pre-tax loss of 904.3 million kuna followed by Zagrebacka Banka with 828.2 million kuna.

Over the review period, 28 banks and savings banks operated in Croatia, a country of 4.3 million.

(1 euro=7.64166 Croatian kuna)

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