Germans Hold a Record € 6.6 Trillion in the Banks
- Tweet
Send to Kindle
www.pixabay.com
Low interest rates haven't disturbed German depositors, and household savings have increased significantly in 2019, the BNR reported.
According to DZ Bank estimates, private households' financial assets are likely to have grown by around EUR 441 billion to a record EUR 6.6 trillion last year. This is due to the fact that the Germans are saving more money, with the share of savings probably remaining unchanged from 2018 at 11%. This means that for every € 100 we have disposable income, € 11 is set aside as savings.
Stock investors have benefited from the increase in stock market quotations.
The DZ Bank study covers bank deposits, cash, bonds and money market instruments, stocks, funds, insurance, retirement benefits and other financial contributions.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » Initial Data after the Introduction of the Euro in Croatia: Inflation is Slowing Down
- » The European Commission will return the Monitoring of the Rule of Law in Bulgaria
- » Poland: Distrust of Germany is Growing because of its Policy towards Ukraine
- » Von der Leyen: Managing the Bulgarian-Turkish Border is the Most Urgent Task for Strengthening EU's Land Borders
- » Eurostat: Annual Inflation in the Eurozone Fell to 8.5% in January
- » The European Commission approved Funds for Highway "Europa" from Sofia to Kalotina
