The Recent Growth of Mass Affluent Segment in the Czech Republic has been More Subdued than in the Neighboring CEE Countries

Dublin (PRWEB) February 9, 2006

Research and Markets ( has announced the addition of Wealth Management in Central and Eastern Europe 2005 to their offering.

Central and Eastern European Wealth Management 2005 sizes the mass affluent and high net worth markets across Hungary, the Czech Republic and Poland, investigating the major competitive trends. It also provides extensive forecasts for the mass affluent and high net worth sectors through 2007, allowing the reader to understand both the current state and future potential of the specific countries.

This report covers the Czech Republic, Hungary and Poland. Onshore liquid wealth is segmented into nine asset bands, from EUR50,000 to 3,000,000+ from 2000 to 2004 and forecasts to 2009. The macroeconomic and savings and investment data was collected directly from governmental sources such as the Czech National Bank. The report includes sizing and forecasting of mass affluent and high net worth individuals were generated from our proprietary Global Wealth Model.

In 2004, wealthy clients accounted on average for 1.5 per cent of total adult population in Hungary, Poland and the Czech Republic. Within this, on average 0.1 per cent were represented by high net worth individuals, while on average 1.4 per cent of the total population fell within the mass affluent category.

Poland is the country where the Italy-German merger has the potential to drastically change the domestic banking landscape, with HVB being the core shareholder of the countrys third largest bank Bank BPH and UniCredit controlling the number two Bank Pekao. The potential amalgamation will result in the emergence of a new market leader.

The private banking offerings of many Czech banks rarely meet the criteria set for such services in the West. Providers often offer their clients standard products through personal bankers who skip the counters when serving wealthy clients. This approach is sometimes called the red carpet treatment, instead of its true name premium banking.

For more information visit

Source: Datamonitor

Laura Wood

Senior Manager

Research and Markets

Fax: +353 1 4100 980


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