By the end of November, total deposits in Croatia amounted to HRK 364bn, representing an 11.3% increase YoY.

Looking at the consolidated statement of financial position for the monetary financial institutions, which is published monthly by the Croatian National Bank (HNB), total deposits in Croatia at the end of November 2021 were equal to HRK 364bn, which shows an increase of 11.3% YoY, and 0.6% MoM. This increase continues the positive trend the deposits have experienced, once again marking an all-time high.

This growth can be attributed to demand deposits, which grew by 22% YoY, reaching HRK 150.5bn, accounting for 41.4% of total deposits. At the same time, savings deposits amounted to HRK 213.5bn, representing a 4.9% increase YoY and a 0.5% increase MoM. Local currency savings also increased to 30.7bn, representing a 3.4% growth YoY and a 0.3% increase MoM.

Moving on to the foreign currency savings, they amounted to HRK 182.7bn, a 5.1% increase YoY and a 0.5% increase MoM. This means that in November, out of the total savings deposits, 85.61% were held in foreign currency, while 14.39% were in local, representing a 2 bps increase in foreign currency (and the same decrease) MoM.

When looking at household deposits by themselves, we can see that they grew by 9.8% YoY, 0.7% MoM, reaching 243.8bn. This means that 67% of all deposits held were household deposits.

Deposits breakdown (HRK bn)