AUSTRIA: FIGURES ON CREDIT CARD MARKET

Article Abstract:

In mid-1999 there were about 1.6mn credit cards in Austria, up 200,000 from a year earlier. The figures for individual credit card companies are as follows: - MasterCard 744,000 cards (up 16%); 43,147 acceptance points (up 9%); - Visa 730,000 cards (up 84,000); 46,000 acceptance points (up 9.7%); - Diners Club more than 130,000 cards (up by almost 15,000); 41,500 acceptance points (up %); The number of cheque and bank cards increased 6% to 3.3mn cards. Transaction volume with debit cards increased 5% to EUR 14.4bn. The number of sales points accepting bank cards increased 49% to more than 16,000, while the number of cash machines doubled to 5,081.

United States, Bank Credit Cards, Nonbank Credit Card Firms, Credit Card Issuing, Commercial Bank Retail Svcs, Nonbank credit card services, MasterCard International Inc., Visa Inc., Citicorp Diners Club Inc.

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AUSTRIA: YOUNG CONSUMERS' VIEWS ABOUT SAVING

Article Abstract:

The opinion research institute Institut for Motivforschung has conducted a survey among Austrians of 15-35 years of age concerning their views about money, saving and banks. According to the study presented by Erste Bank, young people have little interest in and little knowledge about investment. They expect from their banks competent and objective information about the various forms of saving. They want saving forms that add value, such as investment funds, shares and bonds, while conventional savings accounts are considered conservative. Beside the growth of assets, young consumers appreciate the flexible availability of the assets.

Commercial Banks, Retail Banking Services, Clearing Banks, Financial Transactions Processing, Reserve, and Clearinghouse Activities, Marketing procedures, Research Findings, Targets & Markets, Bank clearinghouses

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Austria: Wealth creation weaker in 2000 than before

Article Abstract:

According to the results released by the national bank of Austria, wealth creation by private households, including non-commercial organisations, was weaker in 2000 than in previous years. There was a correlation between the decrease in deposits to savings accounts and the increase in deposits to current accounts. The national bank suggests this could be a result of the abolition of savings book anonymity. The investment in high-return financial products decreased in terms of overall investment, and investment funds also became less popular. The bank cited changes to the economy as a reason for the reduction in private wealth.

Savings Institutions, Retained Earnings & Savings, Money Supply

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