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Household financial wealth in Q2 2009
submited on 10.09.2009 in category Political stability | Monetary policy | Macroeconomic developments
The net financial wealth represents the financial assets of the population, reduced with debt to banks (excluding housing credit) and leasing companies. The net financial wealth contracted by 7% in Q2 2009, but the rate of decline slowed down following the smaller propensity of households to take on new debt.
The share of household financial wealth invested in low-risk forms of saving such as cash and deposits, slightly contracted relative to the previous quarter – to 88%.
The share of savings in the form of bank deposits remained almost unchanged, constituting some 2/3 of the financial wealth, while the relative weight of currency declined further.
Following the inflation of stocks, traded on the local stock exchange, individual investments in shares expanded their share in the household savings – to 1.7% in Q2 2009 being 1.5% in Q1 2009. Still, there are no signals for considerable increase in the household interest toward high-risk financial instruments.
The share of non-bank institutional investors expanded, which is attributable to pension companies and mutual funds, whose assets grew in Q2 2009. Life-insurance companies did not report a significant change over the second quarter.
submited on 10.09.2009 in category Political stability | Monetary policy | Macroeconomic developments
The net financial wealth represents the financial assets of the population, reduced with debt to banks (excluding housing credit) and leasing companies. The net financial wealth contracted by 7% in Q2 2009, but the rate of decline slowed down following the smaller propensity of households to take on new debt.
The share of household financial wealth invested in low-risk forms of saving such as cash and deposits, slightly contracted relative to the previous quarter – to 88%.
The share of savings in the form of bank deposits remained almost unchanged, constituting some 2/3 of the financial wealth, while the relative weight of currency declined further.
Following the inflation of stocks, traded on the local stock exchange, individual investments in shares expanded their share in the household savings – to 1.7% in Q2 2009 being 1.5% in Q1 2009. Still, there are no signals for considerable increase in the household interest toward high-risk financial instruments.
The share of non-bank institutional investors expanded, which is attributable to pension companies and mutual funds, whose assets grew in Q2 2009. Life-insurance companies did not report a significant change over the second quarter.
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