At the end of November 2018, household lending in Croatia totalled 124.4 billion kuna (€16.7 billion), going up 5.1 billion kuna (€687.2 million) or 4.3 percent on the year and increasing for 15 months in a row, Raiffeisenbank Austria (RBA) analysts said on Friday.

Banks’ lending to households rose by 0.7 percent or 914 million kuna (€123 million) from October to November 2018.

The RBA analysis of the statistical data provided by Croatia’s central bank showed that local currency household loans continue to increase.

A double-digit increase in kuna household loans issued has been going on for three years. At the end of November, they increased by 13 percent or 64.6 billion kuna (€8.7 billion) on the year.

The portion of the kuna-denominated mortgages came to 29 percent in the volume of mortgages.

(€1 = 7.4 kuna)

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