The average Croatian had 45,600 kuna (€6,145) in bank deposits at the end of 2017, and time deposits remained the favourite form of saving, the Croatian Chamber of Economy (HGK) said on Tuesday at a round table held to mark the World Savings Day, observed on October 31.

Given the recent fall of interest rates, deposits remain the first option for household saving.

“The fall of passive interest rates and the introduction of a savings tax have somewhat affected the behaviour of a section of the population, who have directed some of their disposable funds into stocks and investment funds – but too little to result in a major change in the structure of household financial assets,” Zvonimir Savic of HGK said.

At the end of 2017, household deposits totalled 190.36 billion kuna (€25.6 billion), with 28 percent of all deposits based in Zagreb, totalling 53.1 billion kuna (€7.1 billion).

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