Laws and regulations

Croatian Insurance Deposit 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).

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.