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Slovaks had on average €4,379 deposited in banks in July

The volume of money deposited in banks by Slovaks increased by 6.1 percent year-on-year to reach €24.5 billion in July, Poštová Banka analyst Eva Sadovská reported on Wednesday, September 19, as quoted by the TASR newswire.

The volume of money deposited in banks by Slovaks increased by 6.1 percent year-on-year to reach €24.5 billion in July, Poštová Banka analyst Eva Sadovská reported on Wednesday, September 19, as quoted by the TASR newswire.

Meanwhile, Slovaks on average had €4,379 deposited in banks, which represented a year-on-year increase of €228. According to Sadovská, it has become commonplace for Slovaks to deposit their spare financial resources in banks. "Slovaks continue saving money even during bad times and the saved eurocents or euros stay or go to a bank in most cases," the analyst said.

Some 58 percent of the total volume of money deposited in banks by people was in term accounts. As of the end of July, Slovaks had €14.1 billion deposited in term accounts, with the total volume of the deposited money rising by €1.6 billion year-on-year. The volume of money deposited in ordinary bank accounts amounted to 29 percent of the total volume of deposits, and stood at €7.2 billion.

(Source: TASR)
Compiled by Zuzana Vilikovská from press reports
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