The volume of the total lending in late April came to HRK 266.2 billion, which was down by 14.9 billion kuna, or by 5.3% than in April 2015, according to the latest figures provided by the Croatian National Bank (HNB).
The volume of total loans also went down month-on-month by 421 million kuna or by 0.2%, and lending was also reduced by 8.2 billion or by 3% since the beginning of this year.
Raiffeisenbank Austria (RBA) analysts note that a reduction in the volume of lending could be ascribed partly to the conversion of the Swiss franc-indexed loans into borrowing pegged to the euro.
The deleveraging in household debt has been continuing for 10 months year-on-year.
(EUR 1 = HRK 7,5)