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Deposits in Croatian banks grow in March

Deposits in Croatian banks grow in March Source: Raiffeisen Bank International

ZAGREB (Croatia), May 15 (SeeNews) - Total deposits in Croatian banks increased to 287.1 billion kuna ($43.4 billion/38.7 billion euro) at the end of March, up 1.1% month-on-month, the local unit of Austria's Raiffeisenbank said on Wednesday.

Deposit money rose by 3.1% month-on-month to 91.3 billion kuna, while total savings and fixed-term deposits edged up slightly to 195.8 billion kuna, Raiffeisen Bank (RBA) said in a report.

Kuna-denominated savings and term deposits totalled 36.2 billion kuna, while foreign currency deposits stood at 159.6 billion kuna, or 81.5% of total.

The projected economic trends and further economic growth implies continued growth of total bank deposits. Given that high liquidity of the financial system should mark the year 2019, RBA expects continuation of low passive interest rates and continuation of the tendency of holding liquid assets such as deposit money, the bank said. 

(1 euro = 7.41457 kuna)