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Croatian Banks: Rise in NPL Ends
Croatian banks do not expect any further hike in the level of bad loans, which surpassed 12 percent at the end of 2011, the national banking association HUB said.
Croatian Banks: Rise in NPL Ends / Picture: © Vindobona.org
"At the end of 2011, bad loans in Croatia amounted to 12.4 percent, up from 11.2 percent at the end of 2010. The negative, rising trend has subsided and from now on we do not expect any major increase," Zoran Bohacek, the head of HUB, told reporters.
More than 90 percent of Croatia's 31 banks are owned by parents in Italy, Austria, France and Hungary. The biggest two are…
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