ZAGREB, 31 Oct (Hina) - Household deposits with banks continued to grow even after Croatia joined the eurozone, reaching €38.6 billion in August 2024, 2.6% higher than in August 2023, the Croatian Banking Association (HUB) said on Thursday on the occasion of World Savings Day.

During the same period, the share of term deposits rose from 22% to 27%, which HUB attributes to rising deposit interest rates. The average interest rate on household term deposits increased from 1.35% in August last year to 1.78% in August this year.

The amount of household deposits with banks represents about half of Croatia's GDP in 2023.

Eighty-eight percent of the total amount of household deposits is insured up to €100,000 by the Croatian Deposit Insurance Agency.

As of the end of June this year, Croatia had 5,124 ATMs, or 133 per 100,000 inhabitants, along with 140,000 EFT POS terminals.

The share of electronic orders in total consumer credit orders continued to rise from 75% in the first half of 2023 to 78% in the same period this year.

A notable increase was also observed in orders placed via mobile devices, which account for 92% of electronic consumer orders, a four-percentage-point increase on an annual basis.

(Hina)