Saving is still important to more than two thirds of people in CEE. Most of them have been able to keep their saving rate steady in 2013.
Although the expectations how much they will save in the future are polarized, savings sentiment is improving vs. last year, reveals the Erste Group Savings Barometer 2013.
Austrians and Slovaks are the savings champions of the region in terms of both the average savings amount and the increase in their monthly savings. Austrians save on average EUR 181 per month, which is EUR 11 more than last year. Slovak savers put aside EUR 90 every month, a EUR 2 increase versus 2012. As a result, their satisfaction with how much money they put aside has increased the most compared to 2012 – by 7%.
"Austrians are saving double as much as Slovaks. However, given the fact that an Austrian’s average annual income is more than four times higher than a Slovak’s income, this is a remarkable outcome," says Peter Bosek, board member at Erste Bank Oesterreich. In Hungary, putting money aside for various reasons such as for financial back-up has always been perceived as very important – almost six out of ten Hungarians think so.
Savings sentiment in CEE improves: Two thirds of the savers in CEE expect to save more or about equally as much in the future
Almost all CEE countries (with the exception of Serbia) have managed to keep their savings rate steady in 2013. Around one third of Croats and Serbs say they do not save at all – this may also account for the fact that the overall satisfaction with their savings is among the lowest in the region.
Savings sentiment in CEE is improving in all countries in the region (except Austria) compared to 2012: 70% (+ 8%) of CEE savers expect to be able to save more or about equally as much in the future.
Almost every second Czech bank client uses online banking at least once a week (44%), followed by Slovaks and Austrians (32%)