Croatia Banking & Financial Services Q1 2019
After a long period of decline, Croatia's financial services sector - which is dominated by large European banking andinsurance groups - stands to benefit from the country's brighter macroeconomic outlook. The relatively small-scale life insuranceand asset management sectors have room for development, supported by favourable demographic trends, a robust regulatoryframework, and growing interest in more sophisticated savings and investment products. Large European banking groups willmaintain a dominant position, and we expect further consolidation as tighter regulations make it harder for smaller players tocompete.
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