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…

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