Austrian Households Control Assets worth € 471bn

Business › Economy ♦ Published: November 3, 2011; 11:22 ♦ (Vindobona)

Despite a declining savings rate, households remain the most important provider of capital to domestic banks.

Austrian Households Control Assets worth € 471bn / Picture: © Vindobona.org

According to latest data of the Austrian National Bank (OeNB), domestic households controlled a total fortune of € 471bn as of June 2011. Debt amounted to € 163bn, so that Austrians’ net assets stood at € 308bn. This figure has not changed significantly since the end of 2009; the OeNB spoke of a stable development.

Despite a declining savings rate, the Austrian households…

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