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Which deposits are
insured?
Deposit insurance is obliged for all banks and saving banks which operate in the Republic of Croatia and which have working approval from the Croatia National Bank. For deposit insurance banks and saving banks are paying to the State Agency for Deposit Insurance and bank Rehabilitation the premium up to the amount prescribed by the Bylaw on Deposit Insurance. The term “savings deposits” applies to money of natural persons in Kuna or foreign currency held on the account on the basis of a contract relating to a money deposit or as deposit with a savings-bank book. The amount of insured deposit of natural persons in a bank or savings bank is calculated as total amount of natural person’s deposit, either in one or more savings accounts, in domestic and/or foreign currency, but it can not exceed the insured amount. In the insured amount are also included the interests on savings deposits which have been calculated before the commencement date of the bankruptcy procedure. Interests on savings deposits in the event of bankruptcy of the bank or savings bank are calculated as equal to the demand interest rate of that bank or savings bank from the day of accrued interest until the commencement day of the bankruptcy procedure.
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In the event of bankruptcy of the bank and savings bank DAB is paying off to every depositor insured savings deposit up to the amount of 100.000,00 kn and if total amount of the savings deposit exceeds proscribed insured amount, difference over 100.000,00 kn up to total amount of natural person’s deposit DAB will report in the bankruptcy mass. Savings deposit in foreign currency will be settled in Kuna at
the middle exchange rate of the Croatian National Bank for specific
currency on the commencement day of the bankruptcy procedure.
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