31.07.2019

Cheaper long-term loans to companies

Corporate debt decreases to 90.8% of the GDP

Data from an analysis done by the central bank HNB show that, in 2018, companies in Croatia were able to get short-term loans at average 3.1% and long-term at a rate that was under 3% for the first time (2.9%). Commercial banks in Croatia continue to hold less and less of domestic corporate debt and by the end of 2018 this level decreased to 90.8% of GDP, which is by 3.8% less y/y. The price of short-term loans was stagnant last year, while in the second half of the year interest in long-term loans came down to an extremely low level. Demand for loans has been generated by investments into equity, inventory and working capital, especially in the segment of SMEs.

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