Romanians’ trust in banks has increased in recent years, but remains among the lowest in the region, according to a Bank of Austria study. Thus, just 26,77 percent of Romanians trust banks.
Young people under 34 have the highest level of trust in the banking system (over 30%) and those over 55 are the most reluctant. Less than a quarter of them say they trust banks.
The proportion of those who trust banks also increases with the level of education. Only 10% of those with a primary education treat banks with trust, compared with around a third of those with a tertiary education.
For Romanians cash is king!
Also, Romanians prefer to hold more than 12% of their cash in euros, more than four times as much as people in surrounding countries. When asked how they would invest the equivalent of two net salaries, a third of Romanians would prefer euro deposits.
If they took out a bigger loan, Romanians would use the money to buy a house or a car. Bulgarians would use it for home renovation or consumption, Czechs would buy a house or renovate the one they own, the same as Hungarians and Serbs.
Romanians are the most disinterested compared to the rest of the countries surveyed (investment in their own education). Just 0.6% of those surveyed would borrow money to invest in their education.
