Banks in Croatia at that time comprised six large ones, three medium and 23 small banks.
The assets, loans and deposits of the largest banks mildly rose, pointing to considerable concentration typical for small countries and post-transition economies. The assets of the five largest banks accounted for 76 per cent of all assets at the end of 2011.
Given that all large banks belong to European groups, 90.6 per cent of the domestic bank assets was mostly foreign owned.
Fifteen banks were domestically owned, accounting for 9.4 per cent of all assets, including 13 privately-owned ones (a 4.9 pct share) and two state-owned (a 4.5 pct share).
Seventeen of the 32 banks were foreign-owned at the end of 2011, two more than at the end of 2010.
Six large banks, two medium and nine small ones were in foreign hands at the end of last year.
A little over 80 per cent of assets were owned by Italian and Austrian shareholders, who own five and six banks in Croatia respectively.
Shareholders from France, Hungary, San Marino, Turkey, Switzerland and Serbia each owned one bank. As of this year, Russia also owns one bank in Croatia after Sberbank acquired Volksbank International, which includes Volksbank Hrvatska, in February.
Bank assets at the end of last year totalled HRK 407 billion, up 4.1 per cent on the year.
Banks in Croatia employ 21,865 people and have 1,266 branches. Their profits before tax totalled HRK 4.7 billion at the end of 2011, up 8.7 per cent on the year.
(EUR 1 = HRK 7.44)