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Banking Sector: Difficulties in Croatia Ahead

Published: November 6, 2013; 09:56 · (Vindobona)

In order to protect indebted home-owners, the Croat parliament will resolve a new bank act. Like in Hungary, foreign-exchange-based mortgage should be converted at the expense of banks.

Banking Sector: Difficulties in Croatia Ahead / Picture: © Vindobona.org

About 75,000 Croat borrowers are repaying foreign currency loans. Most of them took out Swiss franc loans and euro loans. After 2008, interest payments went up suddenly. Now, Croatia´s government plans to set fix interest rates for foreign-exchange loans. The government has submitted a proposal to the parliament, which will vote on the proposal next week.

The European Banking…

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Banking Sector: Difficulties in Croatia Ahead

In order to protect indebted home-owners, the Croat parliament will resolve a new bank act. Like in Hungary, foreign-exchange-based mortgage should be converted at the expense of banks.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.