Updated on 21 January 2020
Established in 1997, Banka Kovanica since May 2007 is owned by Cassa di Risparmio della Repubblica di San Marino. Banka Kovanica provides retail and corporate banking products and services to both domestic and international clients.
Vaba d.d. Banka Varaždin (VABA Banka) was incorporated in 1994 as Brodsko-posavska banka d.d. and changed its name to Vaba d.d. Banka Varaždin in 2005. In 2014-2015 the bank was recapitalized by J&T Banka (Czech Republic) and J&T Bank became the majority owner of Vaba d.d. Banka Varaždin. VABA Banka offers a range of retail and corporate banking products and services to domestic and international clients.
KentBank is a modern universal bank, providing a broad range of retail, corporate banking products and services with the focus in retail and SME segments: KentBank offers products and services individually tailored and adjusted to the needs of each client, either a natural person or a business entity.
Podravska Banka (POBA) is one of the oldest banks in Croatia tracing its roots to Koprivnička dionička štedionica (eng - Equity Savings Bank of Koprivnič), established in 1872. Podravska Banka offers a range of retail banking products and services focusing on those for individuals, sole traders, self-employed professionals and small- and medium-sized enterprises. The bank also offers investment banking solutions and online brokerage.
KentBank is a modern universal bank, providing a broad range of retail, corporate banking products and services with the focus in retail and SME segments: KentBank offers products and services individually tailored and adjusted to the needs of each client, either a natural person or a business entity.
KentBank is a modern universal bank, providing a broad range of retail, corporate banking products and services with the focus in retail and SME segments: KentBank offers products and services individually tailored and adjusted to the needs of each client, either a natural person or a business entity.
Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Austria: This product is offered to Austrian residents only. When clicking on the product link you will be redirected to the product page in German.
Time deposits accounts are interest-bearing deposit acoounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).
The table above shows essential details of selected time deposit products offered to retail customers by the banks in Croatia: currency, interest rate per annum and deposit term. The time deposit accounts terms vary from 6 month to 10 years (120 months). The interest rates are within the range 0.05 - 1.75 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Croatia.
Average Deposit Rates. In February 2019, average annual deposit interest rate in local currency (Croatian kuna) of new contracts with fixed term up to 1 year between credit institutions and retail customers (households) was 0.24 %.
Country Deposit Rating. Croatia's Moodys country ceiling (the highest rating that can be assigned) for deposits in local currency is set to Baa1 (lower medium grade).
Deposit Guarantee. Time deposit accounts made with credit institutions in Croatia are covered by deposit guarantee scheme up to 100,000 EUR per depositor.
Withholding Tax. Interest gained on time deposit accounts by residents of Croatia is taxed at 12.00% rate. Interest gained on time deposit accounts by non-residents of Croatia is taxed at 12.00% rate. When the interest is paid, this tax is automatically withhold from the time deposit account by the bank.
