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Results of the Third CNB Bank Survey: Croatian Banking in the Consolidation and Market Positioning Stage, 2000 - 2002

Author

Listed:
  • Tomislav Galac

    (The Croatian National Bank, Croatia)

Abstract

In April 2002, the Croatian National Bank conducted the third survey of banks operating in Croatia. Assessed was the quality of projections given in the second survey (conducted two years ago) that referred to banking system consolidation, the continuance of bank competition and stronger impact of foreign capital entry in the Croatian banking system. This paper compares the bankers’ estimates and views on the situation and trends in Croatian banking and its environment in early 2002 with estimates derived from CNB statistics. The main conclusion of the analysis is that a short but turbulent stage of consolidation and market positioning of banks has almost ended. Its positive effects have been reflected in a strong decline in interest rates, increased household lending and more favourable long-term corporate lending. On the other hand, numerous challenges are still waiting on the development path of the Croatian banking system, among which are better and faster legal protection of creditors, more sincere relationship between banks and the central bank, and harmonisation of banks’ risk management systems and processes with new international standards.

Suggested Citation

  • Tomislav Galac, 2005. "Results of the Third CNB Bank Survey: Croatian Banking in the Consolidation and Market Positioning Stage, 2000 - 2002," Surveys 14, The Croatian National Bank, Croatia.
    • Handle: RePEc:hnb:survey:14
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    File URL: http://www.hnb.hr/repec/hnb/survey/pdf/s-014.pdf
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    References listed on IDEAS

    as
    1. Tomislav Galac & Evan Kraft, 2000. "What Has Been the Impact of Foreign Banks in Croatia?," Surveys 4, The Croatian National Bank, Croatia.
    2. Ljubinko Jankov, 2000. "Banking Sector Problems: Causes, resolutions and consequences," Occasional paper series 10, Institute of Public Finance.
    3. Evan Kraft, 2002. "Foreign Banks in Croatia: Another Look," Working Papers 10, The Croatian National Bank, Croatia.
    4. Ljubinko Jankov, 2000. "Banking Sector Problems: Causes, Solutions and Consequences," Surveys 1, The Croatian National Bank, Croatia.
    5. Mladen Mirko Tepuš, 2002. "An Analysis of the Operation of Building Societies in the Republic of Croatia," Surveys 6, The Croatian National Bank, Croatia.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Tomislav Galac & Lana Dukić, 2008. "Results of the Fourth CNB Bank Survey," Surveys 16, The Croatian National Bank, Croatia.
    2. Kraft, Evan & Galac, Tomislav, 2011. "Macroprudential regulation of credit booms and busts -- the case of Croatia," Policy Research Working Paper Series 5772, The World Bank.

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    More about this item

    Keywords

    consolidation; Croatia; banking; banks;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • P34 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Finance

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