Spectator on facebook

Spectator on facebook

FOCUS SHORT

Slovaks’ bank savings at €26 billion

NON-STATE deposits in Slovak banks increased by 3 percent to €26 billion over 2013. More than one half of the total volume of money deposited in banks by ordinary people was in term accounts, Prima Banka reported based on data provided by the National Bank of Slovakia, the TASR newswire wrote in February.

NON-STATE deposits in Slovak banks increased by 3 percent to €26 billion over 2013. More than one half of the total volume of money deposited in banks by ordinary people was in term accounts, Prima Banka reported based on data provided by the National Bank of Slovakia, the TASR newswire wrote in February.

“As of the end of December, Slovaks had €14.2 billion deposited in term accounts, which accounts for 55 percent of the total volume of deposits,” said Henrieta Gahérová, Prima Banka Director of the Product Management Division, as cited by TASR, adding that the total amount in term accounts actually decreased by 4 percent, which is the first decline since 2009. “Last year ... interest rates did not entice customers to go for term deposits. Only the deposits with a longer tenure saw some growth last year, as they were able to offer interest at 2 percent a year.”

The volume of money deposited in ordinary bank accounts amounted to 30 percent of the total volume of deposits, and stood at €8.3 billion.

“Even though last year Slovaks did not show great interest in depositing money in banks, it can still be said that we are a nation of savers rather than debtors,” said Gahérová. “In fact, at the end of 2013, Slovaks had €6 billion more in deposits than what they had taken out in loans,” said Gahérová.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Topic: Finances and Advisory


Top stories

Fallen lines and engine fires: Slovak trains are not without incidents Photo

Slovak rail carrier ZSSK is facing a massive wave of criticism after some recent accidents.

Fire on a train between Šaľa and Galanta.

Rules for hiring foreigners are simpler. For exceptions

Despite positive changes, employers still point to some barriers preventing more effective and simpler recruitment of foreign workers.

Some problems with Foreigners’ Police continue.

For a Decent Slovakia protests to resume on Friday

After a summer break, organisers of the protests that have drawn masses to Slovakia’s streets stated that their – and the citizens’ – demands are far from being met.

For A Decent Slovakia march on June 22, 2018, in Bratislava.

Indentikit picture released in murder case of Ján Kuciak may have bourne fruit

A mason from the village where the murdered journalist and his fiancée were found claims he knows the man from the identikit who is wanted for questioning.

Identikit of the man wanted as a witness in the case of Ján Kuciak murder