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.

Topic: Finances and Advisory


Top stories

It's not your Slovakia, Bystrica protesters told Kotleba

President Andrej Kiska spoke to the crowd at the protest gathering, asking Slovaks what kind of country they want to have.

Lajčák gives two versions of the Evka story

The Foreign Ministry gives opposing statements about suspicious procurement related to the Slovak Presidency over the EU Council.

Government of PM Robert Fico (left) endorses Lajčák as its official candidate.

PM Fico: Investors should clearly declare whether they have encountered corruption or not

Representatives of the biggest investors in Slovakia met with Fico to discuss the local business environment.

PM Robert Fico meeting with representatives of big investors in Slovakia.

Blog: HR Marketing: Not everybody can be Google!

It is important to know who your target audience is and the position you aspire to achieve as an employer on the market.

Illustrative stock photo