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Decline in Savings Deposits Continues
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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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