The Croatian National Bank has announced that the average interest rates of banks in July 2025 were again lower for both deposits and loans, continuing this year’s trend of easing the cost of money.
The most significant shift is observed in the financing of the economy. Short-term loans to companies in July were contracted at an average of 2.89 percent, which is 1.56 percentage points lower than a year ago. Long-term loans fell to 3.48 percent, 1.84 points below the level from July 2024. Compared to April, the cost of money is lower for both short-term (−0.30 b.) and long-term (−0.85 b.), facilitating the financing of working capital and investments.
For company deposits, banks offered 1.80 percent for short terms and 0.76 percent for long terms in July. A larger shift is recorded for short terms (−1.51 b. year-on-year), while long-term deposits recorded a milder decline (−0.36 b.).
On the household savings side, short-term deposits fell to 1.39 percent, and long-term to 0.75 percent. Compared to last summer, this represents a decline of 0.83 and 0.69 percentage points, respectively. Thus, every new short-term deposit today is significantly less compensated than a year ago, while the decline for long-term deposits is somewhat milder. In a quarterly comparison, banks further lowered interest rates for short terms (−0.09 b.p. compared to April), while the average for long terms slightly increased (+0.16 b.p.), indicating an attempt to tie funds for a longer period.
