September 21 (SeeNews) - Total deposits in Croatian banks increased to 263.9 billion kuna ($42 billion/35.3 billion euro) at the end of July, up 1.0% month-on-month, the local unit of Austria's Raiffeisenbank said on Thursday.
The depositary money rose by 4.4% month-on-month to 67 billion kuna, while total savings and fixed-term deposits edged down 0.1% to 196.9 billion kuna, Raiffeisen Bank (RBA) said in a report published on its website.
The increase in depositary money is caused by the economic recovery and the readiness of domestic companies to deposit more liquid financial assets at a time of falling interest rates on savings and fixed-term deposits, RBA said.
Kuna-denominated savings and term deposits totalled 34.6 billion kuna, while foreign currency deposits stood at 162.3 billion kuna, or 82% of total.
(1 euro = 7.48168 kuna)