Total lending by monetary institutions to domestic sectors (apart from the central government) in August fell by HRK 500 million or 0.2% compared to July and at the end of August they amounted to HRK 241.1 billion, the HNB reported.
The annual growth rate of total placements remained at 4.1%, the same as in July.
Total loans, which account for the majority of total placements, fell by HRK 400 million or 0.2% on the month, with loans to the business sector contracting by HRK 700 million or 0.8% and loans to other financial institutions falling by HRK 100 million or 0.6%.
On the other hand, household loans increased by HRK 300 million or 0.2%.
Year-on-year, housing loan growth accelerated from 10.6% to 10.8%, and the growth of cash loans increased from 0.6% to 0.8%, leading to accelerated growth in household loans from 4.3% to 4.6%.
Total household deposits up by HRK 37 billion on the year
Total deposits amounted to HRK 359 billion, HRK 8.6 billion or 2.5% up from July, whereas on the year they increased by HRK 37 billion or 11.5%.
Household deposits amounted to HRK 238.3 billion, up HRK 3.3 billion or 1.1% on the month and by HRK 19 billion or 8.6% on the year, the HNB reported.
(€1 = HRK 7.491380)
For more news on business, CLICK HERE.