August 29 (SeeNews) - Total loans in Croatia fell 2.0% on the year but rose 0.8% on the month to 251 billion kuna ($39.4 billion/33.7 billion euro) at the end of June, the local unit of Raiffeisen Bank International (RBI) said on Wednesday.
The annual decline in total loans continues, with occasional exceptions, since November 2012, Raiffeisenbank Austria Zagreb (RBA) said in a market report.
Loans in local currency continued to grow in June, whereas loans denominated in foreign currency followed a deleveraging trend. Kuna loans climbed 7.7% on the year, while foreign currency loans, which represent less than 60% of all loans, decreased 7.7%.
Loans to households rose 3.9% year-on-year to 121.8 billion kuna in June.
Slightly more than a third of total loans is made up of claims to non-financial companies, which amounted to 85.0 billion kuna at the end of June, down 0.1% year-on-year.
(1 euro=7.4376 kuna)