Croatian Banks Have Enough Capital to Withstand a Deeper Crisis
- by croatiaweek
- in Business
Croatian banks capital adequacy is creeping above 20 per cent, making it the highest among European countries that are in the database of the International Monetary Fund, reports website Business.hr.
Croatian Banking Association analysts say what this means is that Croatian banks have enough capital to withstand the current crisis and an even deeper crisis should it hit.
“Such high capital guarantee provides stability in the event of the crisis continuing and also to cope with deteriorating lending,” said the director of the Croatian Banking Association Zoran Bohacek.
Analysis shows that personal deposits continue to grow in Croatia, but at a slightly lower percentage than last year, while corporate deposits are falling, which is a reflection of the crisis and the need for liquidity.
