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Only 20 per cent of companies creditworthy in Croatia
Croatian Times
Low demand for loans, insufficient guarantees, and restraints in lending to small and medium businesses are some of the problems the banks in Croatia face, were the conclusions to come out of the banks round table 'Who will the banks give credit to' held at the Croatian Chamber of Commerce (CCC) yesterday (Wed).
The CCC also emphasized the need for greater risk sharing between banks and the government. CEO of Banco Popolare Croatia, Goran Gazivoda says that one of the main problems the bank's have is the fact that only 20 per cent of companies in Croatia are creditworthy and have the ability to pay back their loans, reported portal poslovniplus.com.
Banks are currently only financing mainly large companies in Croatia, whilst small and medium sized companies battle with liquidity problems and are generally not candidates for credit investment from the banks.
"Bankers must know and understand the area which they finance, we see potential in energy, energy efficiency and renewable energy sources. Our strategy of financing is in production and export, infrastructure and agro funding, "said Vladimir Kristijan, a Erste bank director.
Tag cloud creditworthy loans credit Croatia energy medium Vladimir liquidity candidates financing problems funding potential efficiency bank whilst sized investment Bankers production
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