Croatian Deposits up by 11.1% YoY in October 2021

At the end of October, total deposits in Croatia amounted to HRK 361.7bn, up by 11.1% YoY.

According to the consolidated statement of financial position for the monetary financial institutions, which is published monthly by the Croatian National Bank (HNB), total deposits at the end of October 2021 amounted to HRK 361.7bn, representing an increase of 11.1% YoY, and 0.5% MoM. With this increase, the level of deposits has once again achieved an all-time high, continuing their positive trend.

This increase can be attributed to a high increase of 24.1% YoY in demand deposits, reaching HRK 149.2bn, which accounts for 41.3% of total deposits. As of the end of October 2021, total savings deposits amounted to HRK 212.5bn, representing an increase of 3.5% YoY and 0.2% MoM. Local currency savings deposits have remained flat MoM, at HRK 30.6bn.

Foreign currency savings amounted to HRK 181.8bn, a 4% increase YoY. To put things into perspective, as of the end of October, out of total savings deposits 14.4% were in local currency, while 85.6% were in foreign currency.

When looking solely at household deposits, we can see that they grew by 9.4% YoY, 0.8% MoM, to HRK 242.2bn. This represents 67% of all deposits held.

Deposits breakdown (HRK bn)

Category : Flash News

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