Austrians Still Prefer Building Society Savings

Professional Services › Financial Services ♦ Published: July 27, 2011; 22:03 ♦ (Vindobona)

Erste Group’s s Bausparkasse benefits from the continuing trend. The amount of new lending increased by almost 25% year-on-year.

Austrians Still Prefer Building Society Savings / Picture: © Vindobona.org

The first half of 2011 brought a trend reversal for s Bausparkasse’s lending business which has been serving more than 1.5 million customers for three years. New loans totaled € 378m which corresponds to an increase of almost 25% compared to the first six months of 2010. Loan allocations remained stable compared to last year and amounted to € 427m. Total loans are still slightly…

or Log In

Fast News Search
Related News
Wealth Growth of Private Households Comes to a Halt (July 14, 2011)
Retirement Provisioning: Austrians Put aside € 63 per Month (June 29, 2011)
Prosperity to Rise, But Savings Propensity on a Decline (May 6, 2011)
Households are Relying Increasingly on Managed Financial Products (April 14, 2011)
Saving in Austria Decreases (April 6, 2011)
Financing Requirements for Building Societies (December 8, 2010)
Read More
s Bausparkasse, Erste Group, Savings, Loans, Credits
Featured
List of National Days of the Home Countries of All Foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter