Allianz also noted that 2024 was another year of global economic growth, with household financial assets worldwide reaching a record EUR 269 trillion, up 8.7% from 2023.
In Poland, all asset classes expanded last year: securities rose 10.6%, bank deposits 9.5%, and insurance and pension products 6.9%, Allianz said.
New savings surged 63% year on year to a record EUR 51 billion, with 70% of that flow directed to bank deposits. Deposits accounted for 52% of the overall household portfolio, making them the largest asset class. The remainder went mainly into insurance and pension products.
Household liabilities in Poland increased 2.6% in 2024, but strong asset growth pushed the debt-to-GDP ratio down to 30%, 14 percentage points below its 2016 peak.
“Polish households recorded very solid growth in financial assets in 2024, which may point to rising awareness of the need to save. However, the savings structure remains very conservative, with a dominant role for bank deposits,” said Robert Hörberg, chief executive of Allianz TFI Polska.
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Source: PAP