Deposit insurance is a system enabling citizens, entrepreneurs and non-profit organisations to quickly and effortlessly return their deposits held at credit institution in the event of its bankruptcy, so they would not have to participate in a long-term bankruptcy proceedings.

All deposits held by individuals, legal entities, non-profit institutions and  deposits of local municipality and county units with budget up to EUR 500,000.00 in credit institutions registered in the Republic of Croatia are insured.

1.      Deposits made by other credit institutions on their own behalf and for their own account, regardless of their registered seat;

2.      Depositor instruments of the credit institution where the insured event incurred that are included in the own funds as defined in point (118) of Article 4(1) of Regulation (EU) No. 575/2013;

3.      Deposits by financial institutions;

4.      Liabilities arising out of debt securities issued by the credit institution where the insured event occurred and liabilities arising out of own acceptances and promissory notes;

5.      Deposits by insurance undertakings and by reinsurance undertakings in accordance with the law regulating the business of insurance undertakings and reinsurance undertakings;

6.      Deposits by voluntary and compulsory pension funds in accordance with the law regulating the operation of compulsory pension funds as well as the law regulating the operation of voluntary pension funds;

7.      Deposits by investment firms in accordance with the law regulating the capital market;

8.      Deposits by collective investment undertakings in accordance with the law regulating the capital market;

9.      Deposits by public authorities;

10.   Deposits arising from the activities against which final convictions for the criminal act of money laundering were imposed in accordance with the Criminal Act (Official Gazette, No. 125/11, 144/12, 56/15, 61/15, 101/17, 118/18 and 126/19)

11.   Deposits that are not issued in any name, but to the anonymous party presenting a password whose holder has never been identified until the day of occurrence of the insured event;

12.   Claims by the clients of the investment firm, clients of the credit institution to whom the credit institution provides specific investment services and clients of the investment fund management company when such company provides investment services that are included in the investment protection system in accordance with the law regulating the capital market;

13.   Deposits by parent companies, affiliated companies and subsidiary companies that together with the credit institution in which the insured event occurred constitute a group;

14.   Deposits by management board and supervisory board members that occupied those functions on the day of occurrence of the insured event or within a 12-month period prior to the occurrence of the insured event, as well as deposits by shareholders that together with close family members have had a share of at least 5% in the capital stock of the credit institution in the past three years;

15.   Deposits by the audit company that audited the latest financial statements for the past three years of the credit institution prior to the occurrence of the insured event;

16.   Deposits or parts of deposits that occurred after the Croatian National Bank withdrew the authority to the credit institution.

Pursuant to legislation, the full amount of deposits is insured up to a limit of EUR 100,000 per depositor per bank. 

The deposit a depositor held in a credit institution at a moment when the institution became unable to pay it out is insured, the deposit insurance limit being 100,000 euro paid in euros as per mean exchange rate of Croatian National Bank for the respective currency on the day when the Croatian National Bank ascertained the inaccessibility of the deposit.

In accordance with Law on Deposit Insurance System, all credit institutions registered in the Republic of Croatia are obligated to become members of deposit insurance system. This means all deposits in all credit institutions registered in the Republic of Croatia are insured, and their list can be found here.

In accordance with Law on Deposit Insurance System, as soon as Croatian National Bank declares deposits in a credit institution inaccessible, the Agency is obligated to provide for the start of the deposit payout within 15 working days.

Deposits representing a temporary high balance are protected for an additional EUR 30,000 at the middle exchange rate of the Croatian National Bank or up to a total of EUR 130,000 in euros equivalent at the middle exchange rate of the Croatian National Bank, for three months after the amount has been credited or three months from the moment when such deposits become legally transferable. This applies to the following deposits:

1. from the sale of a real property in which the depositor had registered permanent or temporary residence

2. from transactions in connection with life events such as marriage, divorce, retirement, dismissal, redundancy, invalidity, sickness or death, or

3. based on the payment of insurance benefits or compensation for victims of criminal acts or wrongful conviction.