Rise in Croatian Banks' NPLs Possible, Sector Set for Consolidation - Raiffeisen Research

ZAGREB (Croatia), June 8 (SeeNews) - The non-performing loan (NPL) ratio of Croatian banks continued to grow in 2011, reaching 12.4%, and a further rise seems possible given the country’s weak growth prospects, declining real estate prices, rising unemployment and delayed bankruptcies in the corporate sector, Raiffeisen Research said.