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Bank deposits reach EUR 32.5 bn in Croatia in September

Author: mses
ZAGREB, Nov 11 (Hina) - Bank deposits in Croatia came to HRK 247.2 billion kuna at the end of September, which was 3.7% more or by 8.8 billion kuna higher than at the end of September 2013, and also they rose by 0.6% or by 1.5 billion kuna from the end of August 2014, according to the data released by the Croatian National Bank (HNB).

In September 2014, the money deposited on bank accounts rose by 12.8% to 43.8 billion kuna, while the total fixed-term savings increased by 1.9% to 203 billion kuna, whereby the kuna savings rose 2.4% on the year to HRK 43 billion, and foreign currency tied deposits went up 1.8% to exceed 160 billion kuna.

Thus, the savings pegged to foreign currencies make up 78% of all fixed-term deposits.

RBA Bank analysts say that the annual rise in deposits was primarily spurred by citizens' deposits, given that deposits in retail banking makes up 82% of all deposits, while deposits of the corporate sector, local authorities and providers of auxiliary financial services saw a decrease year-on-year.

The deposits in the retail banking rose 1.9% to HRK 167.2 billion in September compared to September 2013.

The deposits of the corporate sector declined by 0.5% y-o-y to HRK 26.7 billion at the end of this September.

The analysts project a mild rise in total deposits by the end of this year.

(EUR 1 = HRK 7.6)

(Hina) ms

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