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Austrian Households Hold Financial Assets Worth € 500bn
Last year, financial assets grew by 1.4% in nominal terms. New debts grew by 0.5% only.
Austrian Households Hold Financial Assets Worth € 500bn / Picture: © Vindobona.org
At the end of 2013, financial assets held by Austrian households totaled € 498bn, the Austrian National Bank (OeNB) stated in a press release today. Due to the low interest environment cash reserves grew by 3.2% to € 19.8bn. Residential properties and assets held in pension funds remained stable.
Total debts came at € 165bn, which is an increase by 0.5% against the end of…
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