One in three Romanians prefers the protection of his piggy bank

Newsroom 02/06/2014 | 16:07

Half of Romanians only trust big banks and a third prefer to keep their savings in the house, up 25 percent compared to 2006, according to a BRAT study.

34 percent of Romanians that live in urban areas say that they they use banks to deposit their money because they trust the financial institution, down from 43 percent in 2006. Over 70 percent of respondents believe that banks are out to benefit on the backs of the clients, while 37 percent claim that they loan money only as a last resort.

In the analyzed interval, 2006-2013, Romanian public perception has remained constant in regards to money saving: 60 percent believe that it is important to save money every month but only 28 percent manage to do it.

As a market trend, the number of people that take out loans for consumption or to buy a car has dropped: 9 percent of Romanians took out a household loan in the present, compared to 12 percent in 2011.

At the same time, the intent to take out a loan this year represents a third of the numbers from 2006, especially for loans contracted for cars, terrains or personal consumption. The biggest drop was registered for car l0ans: only 1.5 percent of Romanians want to take money from the banks to buy a car, compared to 5.1 percent in 2006.

As far as deposits are concerned, only 10 percent of urban inhabitants have money saved up in the bank, compared to 13 percent in 2008.

 

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