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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

Saving Rate Falls

2011: Household saving rate down to 7.5% in Austria.

April 5, 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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