At the end of July 2021 total deposits in Croatia amounted to HRK 350.7bn, up by 9.8% YoY.

According to the consolidated statement of financial position for monetary financial institutions which is monthly published by the Croatian National Bank (HNB), total deposits as of end July 2021 amounted to HRK 350.7bn, representing an increase of 9.8% YoY, or +2.6% MoM. This amount represents once again an all-time high. The high level of deposits continued to see a positive trend despite the reopening of the economy and the relaxation of Covid-19 related measures.

The majority of the increase is channeled to demand deposits, reaching HRK 145.9bn, which now amounts to 42% of total deposits. As of the end of July, 2021 total savings deposits amounted to HRK 204.8bn, representing an increase of 2.1% YoY and +0.9% MoM.  In the local currency savings deposits, one can note a decrease of as much as 5% MoM, reaching HRK 30.85bn.

Foreign currency savings amounted to HRK 173.96bn, a 2.4% increase YoY. To put things into a perspective, total saving deposits at the end of July 2021 were 15% in the local currency and 85% in foreign currency.

When observing solely households, they hold HRK 236.1bn or 67% of total deposits. Household deposits were up by 8.4% YoY in July, or up by 1.5% MoM.