The latest research of UniCredit on financial assets of the Central and Eastern Europe (CEE) population was held on 14 and 15 May in Warsaw, with the support of UniCredit within the annual assembly of the European Bank for Reconstruction and Development (EBRD).
Net financial assets in the CEE population is more than double in 2014 and in 2013 has reached nearly 780 billion euro. However, the share of net financial assets of CEE population in GDP still represents about a quarter in comparison to the developed countries, meaning that there is a considerable scope for further convergence of the region to Western Europe. However, the global financial crisis in 2008 and 2009 and the Europe’s debt crises in 2011 caused a temporary decrease in financial assess, mainly due to the losses in the equity markets, as well as changes in the composition of financial assets. The net financial assets of the population in Austria, Germany and Italy amounted 6.800 billion euros in 2013.
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