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Dec 11, 2007 19:07 EEST
December 11 (SeeNews) - The Croatian commercial banks' deposit portfolio at the end of October rose on an annual and monthly basis thanks to strong growth of deposit money, Raiffeisenbank Austria Zagreb (RBA) said on Tuesday.
"The growth of deposits in October was a consequence of strong growth of deposit money whose nominal monthly growth was the strongest since June 1994," RBA said in a daily note.
The deposit portfolio, which includes time and savings deposits in foreign and domestic currency and deposit money, totalled 187.8 billion kuna ($37.7 billion/25.6 billion euro) at the end of October, up by 6.25 billion kuna from the end of September and by 22.4 billion from October 2006. Deposit money exceeded 37.6 billion kuna at the end of October, up 9.7% month-on-month and by 19% on the year.
Local currency deposits rose by 2.8 billion kuna from September, to more than 50.3 billion kuna. They grew 7.5% on the year.
Foreign currency deposits increased to 99.7 billion kuna, by 105.3 million kuna from September, RBA said. Their annual growth rate was 14.8%.
The loan portfolio of Croatian commercial banks totalled 204.3 billion kuna at the end of October, an increase of 0.98% on the month and of 17% on the year, RBA has said earlier this month.
There were 33 commercial banks operating in the country of 4.4 million people at the end of June.
(1 euro =7.3224 Croatian kuna)
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