At the end of September, total deposits in Croatia amounted to HRK 359.8bn, up by 11.5% YoY.

According to the consolidated statement of financial position for monetary financial institutions, which is published monthly by the Croatian National Bank (HNB), total deposits as of the end of September 2021 amounted to HRK 359.8bn, representing an increase of 11.5% YoY, and 0.2% MoM. This amount once again marks an all-time high. The high levels of deposits continued their positive trend throughout the reopening of the economy.

The increase can once again be attributed to a high increase of 23.9% YoY in demand deposits, reaching HRK 147.9bn, which accounts for 41.1% of total deposits. As of the end of September 2021, total savings deposits amounted to HRK 211.9bn, representing an increase of 4.2% YoY and 0.3% MoM. In the local currency savings deposits, one can see a decrease of 5% MoM, decreasing to HRK 30.6bn.

Foreign currency savings amounted to HRK 181.3bn, a 4.5% increase YoY. To put things into perspective, at the end of September 2021 out of total savings deposits 14.4% were in local currency while 85.6% in foreign currency.

When looking solely at households, they hold HRK 240.3bn or 66.7% of total deposits, which increased by 0.84% MoM.

Deposits breakdown (HRK bn)