Croatian banks will soon start raising interest rates on deposits. Croatian banks have heard the messages from the Government and want to be part of the solution to the current situation, emphasized Tamara Perko, director of the Croatian Banking Association (HUB), after the meeting at the Government.
– We are aware that this year the Government has also worked on the development of the capital market. We recently had a national bond, and soon there will be a new issue of treasury bills. Banks will also, it has been decided, raise interest rates on deposits – Perko stated after the meeting with the Government and Prime Minister Andrej Plenković, emphasizing what should not be forgotten, which is that Croatian citizens still enjoy the lowest interest rates on loans in the European Union.
When asked whether there will be an increase in interest rates for companies, Perko replied that they will not be touched at all until at least the middle of next year, and even after that period, the increase in interest rates will be symbolic.
– What we agreed with the Government is also the distribution of profits we achieve due to interest margins, and according to the agreement with the Government, these funds will be allocated to increase the capital of banks, which will affect the stability of banks in the future in our market – Perko concluded.
