Germans Have € 25bn Deposits in Austria

Businessn.a. ♦ Published: June 12, 2012; 17:00 ♦ (Vindobona)

In the last six years, savings deposits owned by German nationals grew steadily in Austria.

Germans Have € 25bn Deposits in Austria / Picture: © Vindobona.org

According to Austria´s Central Bank OeNB, Germans have savings deposits of € 25bn in Austria. This figure doubled within the last six years, OeNB says. This corresponds to more than the half of all foreign savings deposits. What is more, the number of Germans with savings in Austria rose by one third in this period. Savings on securities accounts are estimated to be even…