Croatian Deposit Insurance Agency was founded on May 24, 1994 pursuant to at than valid State Agency for Deposit Insurance and Bank Resolution Act (Official Gazette No. 44/94, 79/98, 19/99, 35/00 and 60/04). The Agency was founded as a separate legal person, and its founder is the Republic of Croatia.

This specialised non-profit financial institution protects depositors (creditors) in all credit institutions registered in the Republic of Croatia pursuant to provisions of Law on Deposit Insurance System (Official Gazette No 146/20, 119/22).

The regulations in force in the Republic of Croatia have been fully aligned with the provisions of Directive 94/19/EC of the European Parliament and of the Council of 30 May 1994 on deposit-guarantee schemes and Directive 2009/14/EC of the European Parliament and of the Council of 11 March 2009 amending the Directive 94/19/EC.

In the end of 2013, the Financial Stability Council was founded, comprising of three institutions in addition to the Agency: Croatian National Bank (HNB), Croatian Financial Services Supervisory Agency (HANFA) and the Ministry of Finance. The primary goal of the Council is to form the macro-prudential policy of the Republic of Croatia, in order to contribute to preservation of the stability of financial system of the Republic of Croatia as a whole, supporting in that manner the sustainable contribution of financial system to economic growth.