Decline in Savings Deposits Continues

Business › Economy ♦ Published: September 14, 2011; 22:45 ♦ (Vindobona)

Business development of Austrian banks in the first half of 2011: Balance sheet total grows; volume of demand and fixed-term deposits increases.

Decline in Savings Deposits Continues / Picture: © Vindobona.org

The unconsolidated balance sheet total of the banks reporting to the Austrian National Bank (OeNB) stood at € 992.74bn at the end of June 2011. This corresponds to an increase of 1.4% compared to the end of the year 2010. The top ten banks in terms of balance sheet total reached a combined share of 50.6% at the end of June (+0.6 percentage points).

The volume of total deposits…

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