MOSCOW, July 18, 2007 Russian Public Opinion Research Center (VCIOM) in cooperation with
<link www.nacfin.ru _blank>
National Agency for Financial Studies</link> (NAFS) presents information concerning the financial services that our population is planning to make use of within the nearest two years.The informational awareness of Russians about the bank services as well as the financial activity of population are not too high at the present moment. Half of the population in our country (54%) are not planning to use any financial service within the nearest two years. The share of the respondents who found it difficult to provide a forecast like that amounts to 10%.
Credits are the most popular banking service (consumer credits, emergency loans, auto loans). 13% of the respondents mentioned their plans to use this type of banking services. The biggest group among those, who intend to use bank credits, comprise young people in the age group of 25-34 years. Russians at the age of 35-44 years (18%) occupy the second place here.
No more than 3% of the respondents want to use the mortgage loan, which serves a good proof of the fact that mortgage is still at the starting stages of its development in Russia and inaccessible for the people at large.
The younger the age of respondents, the less among them those, who plan to open bank deposits. Nearly 10% of the population are planning to deposit money or make a deposit at a bank at interest. The intention to place the deposits in the bank was most actively demonstrated by the respondents at the age of 35-44 years (14%), and 45-59 years (12%). The younger the respondents were, the less was the number of those planning to place a deposit at the bank among them.
8% of the respondents intend to buy or to sell foreign currency in cash in the near future. The most active age group in this respect is that of 25-34 years. They are more than other respondents intended to carry out transactions connected with buying and selling personal savings in foreign currency. Only 1% of the respondents are planning to deposit money into investment funds or bank-managed mutual funds.
Plastic cards as a method of payment are rather popular: nearly 4% of the respondents are planning to pay for goods or services using a credit card. Younger age groups are intending to use this financial service more than others: 6% of the respondents in the groups of "25-34" and "35-44", 4% of the population - in the group of "18-24". The quantity of those planning to pay with a credit card is a little lower among the older age groups: 3% in the group of "45-59" and 1% in the group of "60 it is older".
The All-Russia opinion poll was conducted by VCIOM on June 16-17, 2007. 1600 respondents were interviewed in 153 population areas of 46 regions of Russia. The statistical error does not exceed 3.4%.
What financial service are you going to use within the next two years? (Any number of answers possible) | |||
| Total respondents | Sex | |
Men | Women | ||
To take a consumer credit, an emergency loan , a car loan (a loan for the purpose of buying estate property excluded) | 13,1 | 53,6 | 46,4 |
To make a deposit or deposit money at a bank at interest | 9,8 | 51,6 | 48,4 |
To buy or sell foreign currency in cash | 8,1 | 45,7 | 54,3 |
To pay for goods and/or services using a credit card | 3,9 | 49,2 | 50,8 |
Loan for the purpose of buying estate property (mortgage) | 3,1 | 49 | 51 |
To buy a policy of voluntary insurance (life insurance, property, health, automobile insurance) | 1,6 | 57,7 | 42,3 |
I am going to invest money in my own business, into the business of my friends | 1,9 | 45,2 | 54,8 |
I am going to buy and sell shares of stock and other paper holdings on my own | 0,7 | 45,5 | 54,5 |
To make investments into non-state pension plans | 0,6 | 10 | 90 |
To buy shares in investment funds | 0,4 | 66,7 | 33,3 |
To use the services of bank-managed mutual funds | 0,3 | 75 | 25 |
To trade on the Forex market | 0,3 | 40 | 60 |
None of the above mentioned | 54,3 | 41,1 | 58,9 |
What financial service are you going to use within the next two years? (Any number of answers possible) | ||||||
| Total respondents | Age, years | ||||
18-24 | 25-34 | 35-44 | 45-59 | 60 and older | ||
To take a consumer credit, an emergency loan , a car loan (a loan for the purpose of buying estate property excluded) | 13,1 | 17,7 | 28,7 | 27,3 | 22,0 | 4,3 |
To make a deposit or deposit money at a bank at interest | 9,8 | 12,9 | 18,1 | 28,4 | 32,3 | 8,4 |
To buy or sell foreign currency in cash | 8,1 | 15,5 | 27,1 | 19,4 | 28,7 | 9,3 |
To pay for goods and/or services using a credit card | 3,9 | 15,9 | 28,6 | 28,6 | 23,8 | 3,2 |
Loan for the purpose of buying estate property (mortgage) | 3,1 | 16,3 | 26,5 | 24,5 | 26,5 | 6,1 |
To buy a policy of voluntary insurance(life insurance, property, health, automobile insurance) | 1,6 | 3,8 | 26,9 | 19,2 | 50,0 | 0,0 |
I am going to invest money in my own business, into the business of my friends | 1,9 | 19,4 | 22,6 | 12,9 | 45,2 | 0,0 |
I am going to buy and sell shares of stock and other paper holdings on my own | 0,7 | 0,0 | 9,1 | 27,3 | 63,6 | 0,0 |
To make investments into non-state pension plans | 0,6 | 20,0 | 20,0 | 10,0 | 30,0 | 20,0 |
To buy shares in investment funds | 0,4 | 0,0 | 16,7 | 50,0 | 33,3 | 0,0 |
To use the services of bank-managed mutual funds | 0,3 | 0,0 | 0,0 | 50,0 | 50,0 | 0,0 |
To trade on the Forex market | 0,3 | 20,0 | 40,0 | 20,0 | 0,0 | 20,0 |
None of the above mentioned | 54,3 | 13,0 | 12,1 | 16,9 | 27,4 | 30,5 |