2024-07-30 11:19:29
The financial wealth of Romanians, estimated at $300 billion, will grow at an average rate of 8.6 percent over the next five years. This is one percent faster than the average forecast for Eastern Europe and three percent above the average expected global growth rate, according to the Global Wealth Report of the American consulting firm Boston Consulting Group, quoted by the newspaper “Adeverul”. .
“Romanians hold a relatively low share of their wealth in cash and deposits (34 percent), compared to the Eastern European average (44 percent). At the same time, we see a very high proportion of other investments, 20 per cent in unquoted shares and smaller asset classes, which is rare in other regions, where the global average is just two per cent and the Eastern European average is 8 per cent hundred,” notes Christian Horvath, partner and associate director at Boston Consulting Group.
The distribution of financial wealth shows a mixed picture in Romania. On the one hand, it is healthy from the point of view of the fact that up to half of the financial wealth of Romanians is owned by people with assets below 250 thousand dollars, which is a much higher percentage than the world average – 30 percent, BTA reported.
The proportion of the very wealthy, with financial wealth above $100 million, is also significantly higher than the global average. Romanians with assets over 100 million dollars own 23 percent of the total financial wealth, compared to 14 percent of the world’s very rich, writes “Adeverul”.
“In the next five years, we expect strong growth in attractive segments for private banks, such as those with financial assets between 250,000 and 20 million dollars,” adds Christian Horvath, quoted by the newspaper “Adeverul”.