As the Croatian National Bank published the consolidated balance sheet as of 31 July 2019 of the Croatian banking sector, we are bringing you its brief overview.

When observing the liabilities side, foreign currency deposits is the largest item, accounting for 38% of the total liabilities. At the end of July, they amounted to HRK 161.87bn, increasing by 2% MoM, however remaining flat YoY. Demand deposits follow, accounting for 24% of the total deposits, which amounted to HRK 99.22bn, showing strong growth of 20% YoY. Meanwhile, savings and time deposits, amounted to HRK 34.51bn, recording a decrease of 3% YoY. Note that both rise in demand deposits and a decrease in saving and time deposits could be attributed to a low interest rate environment on time deposits.

Turning our attention to the asset side of the balance sheet, loans to other domestic sectors account for the majority of the assets (52%), amounting to HRK 218.91bn (+1% YoY). Of that loans to households observed strong growth of 6% YoY, amounting to HRK 129.73bn. Meanwhile, loans to non-financial corporations amounted to HRK 84.84bn, representing a decrease of 6% YoY.