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Slovakia: Saving Grows Despite Falling Real Income

Published: September 21, 2012; 00:22 · (Vindobona)

On average, deposits come at € 4,379. Against 2011, this is an increase by 6.1%.

Slovakia: Saving Grows Despite Falling Real Income / Picture: © Flickr

In July 2012, the volume of money deposits in Slovak banks totaled € 24.5bn. Against July 2011, this is an increase by 6.1%. One year ago, the average deposit reached € 4,151. Thus, savings grew by € 228. According to economists, Slovaks tend to save more during bad times.

In 58% of all cases, the money was deposited in term accounts (€ 14.1bn). The volume of money in…

This article includes a total of 208 words.

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