engleski

Effects of the global financial crisis on the stability of the banking sector in Croatia

Developed structure is a prerequisite for economic development, and the financial sector may be regarded as the financial infrastructure of a state’s economy. Consequently, the level of the financial system’s development is a prerequisite of overall economic development. The transition in CEE countries, but also in the SEE countries, has brought significant changes in several areas: ownership structure, loan structure, profitability. The current economic crisis originated within the financial sector. Many banks, as the most significant financial sector institutions, ended up in bankruptcy in the world, and many others have had problems in their operating. The liquidity and other problems of the banking sector in Croatia have influenced negatively the real sector the real sector of Croatia after 2009. It is therefore of utmost importance to maintain the stability of the financial sector and banks, as its most important segments.

transition, financial sector, stability, CEEC, SEEC

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