Deposit insurance

Deposit insurance is a system enabling individuals, legal entities, non-profit institutions and local municipality and county units with budget up to HRK 3,750,000.00 quickly and effortlessly return their deposits held at credit institution in the event of its bankruptcy, so they would not have to participate in a long-term bankruptcy proceedings.

 

1. What is deposit insurance?

Deposit insurance is a system enabling citizens (natural persons), small entrepreneurs and non-profit organisations to quickly and effortlessly return their deposits held at credit institution in the event of its bankruptcy, so they would not have to participate in a long-term bankruptcy proceedings.

2. Whose deposits are insured?

All deposits held by citizens (natural persons), small entrepreneurs and non-profit organisations in credit institutions registered in the Republic of Croatia are insured.

3. What is the deposit insurance limit?

The deposit a depositor held in a credit institution at a moment when the institution became unable to pay it out is insured, the deposit insurance limit being 100,000 euro paid in kuna as per mean exchange rate of Croatian National Bank for the respective currency on the day when the Croatian National Bank ascertained the inaccessibility of the deposit.

4. Which credit institutions insure the deposits?

In accordance with Deposit Insurance Act, all credit institutions registered in the Republic of Croatia are obligated to become members of deposit insurance system. This means all deposits in all credit institutions registered in the Republic of Croatia are insured, and their list can be found here.

5. When will the insured deposits be paid out?

In accordance with Deposit Insurance Act, as soon as Croatian National Bank declares deposits in a credit institution inaccessible, the Agency is obligated to provide for the start of the deposit payout within 15 working days.

6. How will the insured deposits be paid out?

The procedure of compensation payment can be found here.