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'Banking population' grows

SLOVAKIA’S banking population, which is the proportion of the population formed by clients of at least one bank, stands at 88 percent, which is seven percentage points more than in 2007. The figure comes from the GfK agency, which made the discovery through a poll it conducted, the SITA newswire wrote.

More Slovaks are entrusting their cash to banks.(Source: SME)

SLOVAKIA’S banking population, which is the proportion of the population formed by clients of at least one bank, stands at 88 percent, which is seven percentage points more than in 2007. The figure comes from the GfK agency, which made the discovery through a poll it conducted, the SITA newswire wrote.

Most citizens have a client relationship with one bank only, and more than 80 percent of Slovak bank clients hold an account with one of only three major financial institutions - Slovenská Sporiteľňa, VÚB Banka and Tatra Banka.

Personal accounts are the most common product and have also seen the most dynamic growth over the past 10 years.

While only 59 percent of Slovaks had such an account in 2003, the figure is now 80 percent.

Topic: Finances and Advisory


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