Household deposits increased by 1.4%, which is 3.3 billion in the period from June to July, and increased by 8.4% year-on-year, according to data published by the Croatian National Bank in its publication “Comments on monetary developments for July 2021 “.
Total deposits in Croatia amounted to HRK 350.7 billion in July, up by 8.5 billion kuna or 2.5% from June, and increased by 31.1 billion kuna or 9.7% compared to July 2020.
“The growth of total placements of monetary institutions in the domestic sector continued to accelerate in July, reflecting the increase in household lending, mainly in the form of housing loans that were boosted by the government subsidy program. “Placements in other financial institutions also increased, while placements in corporations fell,” HNB said in its commentary.
“Total monetary institution placements in the domestic sectors (excluding central government) increased in July by Chronicle 1.5 billion or 0.6% (based on transactions) from June and reached $ 242.2 billion at the end of the month. The annual growth rate of employment “The overall growth accelerated from 3.8% in June to 4.1% in July. The monthly increase in placements was almost entirely due to credit growth of HRK 236.5 billion at the end of July,” the central bank said.
Divided by sectors, loans to households increased the most (Chronicle 1.3 billion or 1.0%) driven by the government subsidy program, which continued to drive strong growth in housing loans (Croats 1.1 billion or 1.7%). ), while general purpose cash loans continued to grow on average ($ 0.2 billion or 0.4%).
On an annual basis, the growth of housing loans continued to accelerate, increasing from 10.1% to 10.6% and thus increased the growth of general purpose cash loans, which increased from 0.2% to 0.6%, resulting in an acceleration of the growth of total loans to households from 4.0% to 4.3%, the central bank reports.
(1 € = 7.483066 HRK)