Of the total 267 billion kuna in loans that banks had disbursed at the end of the first quarter of this year, 16.12 percent or 43 billion was partially recoverable and completely unrecoverable, according to the latest data from the Croatian National Bank (HNB).
This is a slightly lower share of bad loans than at the end of 2015, when that share was 16.65 percent, amounting to 45.87 billion kuna.
Compared to the end of the first quarter last year, however, the share of bad loans was approximately at the same level – 16.11 percent, or a total of 45.8 billion kuna in bad loans.
For comparison, the highest share of bad loans in Croatia was recorded at the end of the third quarter of 2014, at 17.24 percent, with a total of 47.6 billion kuna.
At the end of the first quarter of this year, the highest percentage of bad loans was recorded for those linked to the Swiss currency – of the remaining 4.7 billion kuna in such loans, 55.32 percent or 2.6 billion was partially recoverable and completely unrecoverable.
And while the amount of CHF loans is declining due to conversion, as there were still loans disbursed at the end of 2015 worth nearly 20 billion kuna, the share of bad loans in them is rising, as at the end of 2015 that share was 21.78 percent.
For loans in kuna without currency clauses, of which 82.76 billion was disbursed at the end of the first quarter, the share of bad loans was 16.49 percent, while for euro loans, which were disbursed in the equivalent of 175.5 billion kuna, the share of bad loans was 14.76 percent.
