Loans in Croatia up by 300 mln euro m/m in Sept

The annual growth rate of loans to individuals reached 8.1% in September from 7.6% in August, the central bank said in its monthly report on Wednesday, referring to transaction-based figures.

Housing and cash deposits rose equally, by 100 million euro, on a monthly basis in September. On an annual basis, the growth rate of cash loans accelerated to 8.7% in September from 7.4% in August, while the annual growth rate of housing loans was unchanged at 10.1%.

The annual growth of loans to companies slowed down to 8% in September from 10.7% in August, the central bank said.

After a robust monthly surge of 1.3 billion euro in bank deposits in August, driven by the peak of the tourism season, the central bank reported a notable decrease in the growth of deposits for individuals and companies in September, amounting to 200 million euro.

The annual growth of household deposits slowed down to 6.9% in September from 7.5% in August. Corporate deposits with banks rose in annual terms by 6.4% in September, after 5.5% growth in August.

($ = 0.934 euro)