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Savings
Austria: Purchasing Power Shrinks
Due to higher taxes and social contributions, the real income fell in the last few years.
April 8, 2014
Austria: Savings to Shrink Further
According to Erste Group, the amount to be saved continues to shrink substantially. What is more, average loan amounts are declining moderately.
January 22, 2014
European Savers in Danger
Already this year, savers in the Eurozone may fear a compulsory tax on deposits, the Danish Saxo Bank says.
January 4, 2014
Austria: Purchasing Power Shrinks Further
According to Generali insurance group, Austrians expect that their real income shrinks further.
December 30, 2013
CESEE: Potential to Return to Pre-Crisis Growth
According to a report published by the business adviser McKinsey, countries of Central, Eastern and Southeastern Europe are fundamentally strong.
December 18, 2013
Austrians Hold More Cash Reserves
According to the Austrian National Bank, Austrian savers have reduced their deposits at Austrian banks. In return, cash reserves have risen.
December 12, 2013
Austria: Saving Quota Down
At the moment, the savings ratio only comes at 5.2%. An increasing number of Austrians suffer from a declining real income.
October 31, 2013
Austria: Saving Grows Decently
At the end of June, total savings reached € 490bn. In real terms, total savings shrink. Lending remains stable.
October 22, 2013
Austrian Savings Quota Drops
Compared to 2012, Austrians have less financial room. The savings quota falls from 7.4% to 5.2%.
October 11, 2013
Investments: Austrians Become More Cautious
From the perspective of savers, the economic uncertainties are growing. Due to the negative real interest rate, traditional investments lose in popularity.
February 9, 2013
Erste Bank Savings and Credit Outlook: Austrians Only Cautiously Optimistic
Austrians: only one third expect an improvement in Europe's economic situation this year
January 25, 2013
Austrians Still Prefer Traditional Investments
According to a survey carried out on behalf of the investment fund Fidelity Worldwide Investment, Austrians tend to conservative investments.
January 14, 2013
Bulgaria: Private Households Not to Increase Consumption
According to UniCredit Bulbank, the consumer behavior will remain rather cautious this year.
January 5, 2013
Czech Republic: Deposits Grow Substantially
At the end of September, client deposits at Czech banks reached CZK 3,100bn. Compared to September 2011, this is an increase by 8.3%.
December 1, 2012
Austria: Savings Decline
Erste Bank Savings and Credit Outlook: 60% of Austrians say “The European debt crisis doesn't affect my personal finances”.
November 26, 2012
Czech Household Debt on the Rise
Against 2011, Czech household debt was up by 4.2%. At the end of September, the level of debt of Czech households to banks reached € 45.8bn.
October 31, 2012
Saving in CEE Becomes More Important
Poles and Slovaks are CEE's savings champions, putting aside 15% resp. 12% of their monthly income. Austrians, Germans and Czechs follow suit with 9%.
October 29, 2012
Austria: Pessimism on the Rise
Regarding the economic development, Austrians expect that the downward trend will continue.
October 13, 2012
Austria: Saving Popular Despite Negative Real Interest Rate
Trend clearly points to short-term investments: People feel it is important to have their money available in case of a change in the investment situation. 54 per cent save less than € 100 per month, 7 per cent more than € 500.
October 12, 2012
Austrians save € 170 per month
For 82% of Austrians the savings passbook accounts are the top choice, but their appeal is gradually waning. Satisfaction with one’s savings performance is growing
October 11, 2012
Savers Must Pay for Debt Crisis
At the European Forum Alpbach, analysts explained that the debt crisis can only be solved through negative real interest rates.
October 6, 2012
Slovakia´s Growth Still Driven by Exports
The industrial sector still shows dynamics. However, government spending and consumption is falling further.
October 5, 2012
Slovakia: Saving Grows Despite Falling Real Income
On average, deposits come at € 4,379. Against 2011, this is an increase by 6.1%.
September 21, 2012
Investments: Gold and Real Estate on the Rise
Compared to 2007, Austrian savers shift their assets towards gold and real estate. Investment funds and shares are less popular.
August 13, 2012
Austrians Tend to Save Less
Erste Bank 2nd Quarter Savings and Credit Forecast: Half of Austrians expect an economic upswing within the next two years. The average savings amount drops further to € 4,617.
August 7, 2012
Decrease in Building Saving May Increase Rents
In Austria, the popularity of building saving declined in the first half year of 2012. In a few years, funds for the residential building market may be insufficient.
July 27, 2012
RZB Wants to Keep Austrian Deposit Protection
Raiffeisen Zentralbank´s CEO Walter Rothensteiner is skeptical of the European deposit protection proposal.
June 15, 2012
Raiffeisen Sector Won Market Shares Last Year
The Austrian Raiffeisen banking group could increase ist market share in lending and deposits.
June 14, 2012
Germans Have € 25bn Deposits in Austria
In the last six years, savings deposits owned by German nationals grew steadily in Austria.
June 12, 2012
„There´s no Crisis in Eastern Europe“
Austrian economists and bankers do not comprehend the downgrade by Moody´s. The risk in Eastern Europe would be more differentiated, OeNB´s governor Nowotny said.
June 8, 2012
Austrians Highly Care About Retirement Provision
Austrians highly appreciate the security and stability of their own country and this is also reflected in their approach to financial matters and retirement provisioning.
June 8, 2012
Downgrade for Austrian Banks
The U.S. rating agency Moody´s downgrades Erste Group, Raiffeisen Bank International and Bank Austria.
June 6, 2012
Only 10% of Austrians Want to Invest in Securities
The confidence in equity markets is damaged. 62% expect the highest returns from gold and real estate. Only one out of ten Austrians are willing to buy securities.
May 24, 2012
“Three Problems of Europe: Divergence, Indebtedness and Weak Banks”
The new director of the Austrian IHS (Institute of Advanced Studies) Christian Keuschnigg thinks that a Greek exit would have to take place suddenly.
May 21, 2012
Savings Books More Popular than Building Saving
After the cut in the bonus for building savings, savings books are more popular again in Austria.
May 14, 2012
Saving Rate Falls Further
Private households invested € 9.3bn in financial assets in 2011. This is a decline by 20% against 2010.
April 28, 2012
Every Second Austrian Feels Affected by Austerity Policies
The government's austerity program causes the average amount saved to decline to € 5,085. The planned credit volume rises to € 79.800.
April 16, 2012
Austrians Tend to Lower Consumption
According to a survey, business optimism is stabilizing. Nevertheless, the tendency to consume is declining.
April 6, 2012
Total Assets of Austrian Banks Beyond € 1.0tn
At the end of 2011, the level of unconsolidated assets exceeded the € 1.0tn threshold again.
March 30, 2012
Company Pension Schemes Show Negative Performance
In 2011, Austrian company pension funds showed losses of 3.3%.
February 20, 2012
Investments: Austrians Prefer Security
For 72% of the Austrians, safety comes first. The most popular investments are conservative.
February 10, 2012
Austrians Reduce Savings
At present, Austrians are planning to save € 5,460 (-4.5%). Around 10% of the population plans to finance their purchases by taking out loans and will borrow an average of € 68,800 (-16%).
January 31, 2012
Low Growth Rates Expected after 2012
In a medium-term forecast, the Austrian Institute of Economic Research (WIFO) expects only very decent economic growth rates.
January 23, 2012
Significant Decrease in Security Holdings
In 2011, the volume of securities held by Austrian household declined substantially, which is due to the fall in share prices.
January 20, 2012
Austrians Tend to Save More
According to Generali Austria, Austrians tend to lower expenditures for clothing and vacations. Every third respondent says to have a lower budget than in 2010.
January 3, 2012
Austrians Want to Save More
According to a survey by ING International Study, 26% of the interviewed persons want to save more money. Optimism is decreasing.
December 28, 2011
Building Saving: Financing Becomes more Difficult
In Austria, 45,000 new apartments are needed, causing finance requirements of € 8.8bn. Meeting this demand becomes harder.
December 14, 2011
Lack in Know-How for Investments
For 91% of the Austrians the topics investments and finance are too complex. A lack in transparency is obviously the problem.
December 9, 2011
Negative Performance at Pension Funds
Assets under management were down by 2.3%. The average performance was -2.8%.
December 7, 2011
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