By comparison, Austrians put aside EUR181 a month, while Slovaks saved on average EUR90 a month, Erste said in its 2013 CEE Savings Barometer report.

It said saving is important for 84% of Romanians, with most of the polled people listing back-up funds and unexpected emergencies as the main reasons for saving money.

However, only 19% of Romanians are satisfied with how much money they put aside, the report showed.

Additionally, Romania is still underpenetrated in terms of savings products, with only one fifth of Romanian savers putting their money in a life insurance, in contrast with every second Czech and Slovak.

“This picture shows that there is still room for banking products in CEE; especially in Southeastern Europe,” said Peter Bosek, board member at Erste Bank Oesterreich.

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