In September 2020 corporate loans in Croatia totalled 65.4 billion kuna (€8.6 billion), or 6.1 percent up year-on-year, central bank data showed, continuing an upward trend since March. The increased demand indicates that businesses are trying to tide over the pandemic by increased borrowing on the local money market.

Corporate loans have been increasing year on year since March.

Month on month, corporate loans in September were down 0.3%, decreasing for the sixth consecutive month.

Investment loans went up 0.2% on the month and 10.2% on the year, totalling HRK 36.4 billion at the end of September.

Lending for current assets totalled HRK 29 billion, decreasing 0.8% on the month but increasing 1.4% on the year.

The annual increase of corporate loans was a reflection of the amounts of both domestic and foreign currency loans in September.

Foreign currency corporate loans account for 61.7% of all loans and totalled HRK 40.4 billion in September, increasing year on year for the fourth consecutive month, by 4.3%.

Corporate loans in the domestic currency went up 9.2% on the year to HRK 25 billion, increasing consecutively since April 2019.

(€1 = 7.56 kuna)