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Third of Slovaks Able and Wlling to Save, Says Gfk Group
Saturday 06 February 2010 Zoom in | Print page
Bratislava, February 6 (TASR) - One in three people in Slovakia (35 percent) is able and willing to save money in the next 12 months, suggests a survey of 14 Central and Eastern Europe recently released by GfK CEE Group which ranks Slovakia 3rd to Austria (43 percent) and Slovenia (38 percent) in this respect.
The survey shows 80 percent of the Slovak population aged over 15 has a business connection with a financial institution. "There are major differences across the CEE region however. Slovenia, e.g., has 100 percent of its population commercially connected with a financial institution. Next come Slovakia, the Czech Republic, Croatia, the Ukraine, Hungary (80 percent plus), Bosnia and Herzegovina, Russia, Serbia (more than 70 percent)," says Alexander Zeh, team leader for financial research at GfK CEE Group.
The most widely used bank product in CEE countries is a bank account in 2009, namely the current account followed by the savings account. GfK concludes that last year confidence in savings products such as investment in securities dropped because of fear over the global financial crisis effects. "Fact is that these days in these times no one in CEE countries is interested in advanced and riskier saving and investment forms," said Zeh.
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