Total deposits with Croatian commercial banks reached HRK 290 billion at the end of June 2019, thus continuing their growth month-on-month and year-on-year, according to data provided by the Croatian National Bank (HNB) on Wednesday.

Total deposits rose by 2.2 billion kuna or 0.8% in June compared to May and their growth was by 14.3 billion or 5.2% as against the end of June 2018.

This growth is on the back of the rise in bank demand deposits, which include funds in current and giro accounts and banks’ obligations arising from kuna payment instruments issued and which reached a record high level of HRK 96.4 billion in the nominal terms, accounting for a third (33%) of total deposits.

On the other hand, total savings and time deposits mildly declined, -0.33% on the month and -0.2% on the year.

(EUR 1 = HRK 7.377885)