If there are institutions which benefit from the financial crisis, there are the savings banks and cooperative banks. A recent study of by GfK comes to this assessment. A study of the Nuremberg market research GfK showed that the Germans in your House banks despite the currently troubled economic situation, in particular in the financial markets, not confidence. 91 percent indicated the respondents, regardless of all the negative headlines to be remained faithful to their financial institution. The much-feared looting”the accounts did not materialise.
In particular the approximately 450 savings banks in the country are highly popular. More and more investors want to put their money in security and choose for this savings, day – or fixed-term deposit accounts, which view it as a safe investment. The savings banks have separate deposit-guarantee schemes, which are designed, the institutes to support each other. Nationwide savings banks report that customers withdraw savings car banks, private banks, direct banks and restructure them. The Stadtsparkasse Koln-Bonn, for example, reported by Customer access from abroad, also from outside Europe.
The customer asked it explicitly to the collateral of a savings bank and transferred then higher millions. Also the cooperative banks are in wake of the financial crisis a dramatically increased deposits and increased customer numbers. However a slight increase of loans as a result of the financial crisis cannot be ruled out what runs counter to the positive effect of the attractive interest rates on savings. Every fifth German citizen has dissolved its risk-fuller forms of investment from fear of loss and opted for a safe investment. According to GfK, which has decreased significantly in riskier asset classes, such as equities, funds and certificates, invested volume. Parallel, there were increases in day and time deposit accounts.