Croatias bank deposits up 4.4% y/y at end-April.

By bne IntelliNews June 5, 2012
Croatia's commercial banks have attracted HRK 280.7bn (EUR 37.3bn) worth of deposits towards end-April, up by 4.4% on the year, central bank data showed. In March, the deposits increased by an annual 4.3%. Fixed-term deposits rose by 7.8% on the year to HRK 221.2bn in April, higher than the 7.4% y/y rise in the previous month. Savings deposits dropped by 0.7% on the year to HRK 25bn, following an annual 2.6% decrease in March. On a monthly basis, the attracted deposits inched down by 0.1% in April after dropping by 0.7% a month earlier. The combined value of deposits accounted for 77.8% of the projected full-year GDP, according to IntelliNews calculations, which compares with 77% of the GDP a year earlier. IntelliNews Comment: We expect that the deposits will continue to increase, though their growth will slow down because of Credo Banka, whose licence was revoked by the central bank (HNB) in November 2011 over liquidity shortage. HNB also put on liquidity watch four other small lenders. These actions will have some effect on the banks deposit portfolios even though HNB has said that the banking system is stable and there is no reason for clients of certain banks to consider withdrawing their money and terminating their contracts.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Croatian govt to acquire four companies part of 3.Maj shipyard.

The Croatian government decided on Thursday, March 21, to take over the ownership of all four companies part of local shipyard 3.Maj after which the privatisation of the parent company will be ... more

Croatias Dukat to make takeover bid for Slovenias Ljubljanske Mlekarne.

Croatian dairy producer Dukat said it intends to place a takeover bid for the 49.7% stake it does not yet own in Slovenian peer Ljubljanske Mlekarne. Dukats current stake of 50.3% in the ... more

Croatia's construction output down 2.1% y/y in Jan 2013.

Croatia's construction output fell 2.1% on the year in January 2013 after dropping an annual 19.9% a month earlier, the statistics office said, quoting unadjusted data. Working-day adjusted data, ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    9 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    6 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    4 days ago
  5. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    9 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    27 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    1 month ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    29 days ago
  5. Saudi Arabia to scale back plans for Neom city
    16 days ago

Reports

Dismiss