Slovaks are voluntarily giving up hundreds or even thousands of euro. How can it be prevented?

Since Slovaks have the habit of letting their savings lie to no avail on current and savings accounts, they are giving up the possibility of earning hundreds or even thousands of euro. In the first ten months of this year, the bank deposits of Slovak clients grew by less than 0.3% p.a. After calculating this year’s inflation, the real earnings on their deposits thus shifted to red figures, approximately -1.8% to be precise. The same happened last year, when the value of deposits was at minus 1% due to inflation. In other words, savers are basically losing money on their savings.

Despite this development, Slovaks tend to be very conservative when evaluating their savings, which is also confirmed by the development of bank deposits. Since the beginning of the year, bank deposits have grown by another €1.3 billion, and as of October 31 natural persons held almost €35.4 billion on their accounts.

Evaluation by 5 to 7% per annum

Nevertheless, one can manage his or her assets with much higher efficiency. Just take Western Europe for inspiration, where a major portion of the population utilises investments to achieve longer-term appreciation of the value of their assets. Within the framework of highly specialised financial services that Across Private Investments offers its clients in Slovakia, it is currently possible, say, by investing into bonds, to increase the value of your savings by 5 to 7% per year. Revenues are paid our annually, or possibly, at the end of a 4- or 5-year period.

Across distributes a number of bonds designed to finance its own or external projects. Clients can thus participate in the financing of real estate development projects implemented by Lucron, the property developer in Bratislava and Trnava. The most interesting and promising projects include Malé Krasňany, Urban Residence, Arboria I. and Kopčianska Juh. Lucron is a member of an international development group and the third largest real estate developer in Slovakia. Strong growth enables the company to open itself to clients for the first time and enables them to participate in the financing of modern residential property projects. In the coming months, Lucron has in the pipeline several more urban residential property projects with modern architecture and attractive public spaces, which will either follow-up on the previous development or will come as brand-new multi-purpose real estate developments, predominantly in the most attractive locations of the capital, such as the Vydrica project placed in the highly prestigious location under Bratislava castle. By 2019, the combined net residential floor area of all developments completed by Lucron will amount to almost 120 thousand square meters.

Except for residential property, Across enables its clients to participate via bond purchase in the further development of the well-known and sought-after hotels, such as Sliezsky dom in the High Tatras and Salamandra near Banská Štiavnica. Bonds with annual revenue of up to 7% are a novelty product enabling clients to co-finance projects in global asset management in the sphere of infrastructure projects and development capital.

The cream of the crop on global financial markets

Across Private Investments is a modern and independent company, having operated its business activities in the financial market under the oversight of the National Bank of Slovakia for almost 17 years. It offers investment consultancy services based on the same licence that is used by banks and is also a member of the Investment Guarantee Fund. Along with issuing bonds, Across also prepares individual investment portfolios for its clients made up of the best products available on global financial markets at the given time, while focusing mainly on those that are made tax-exempt, thus enabling clients to achieve high net earnings. On global markets, Across cooperates primarily with strong financial institutions managing assets on the order of hundreds of billions of US dollars. We were the first provider in Slovakia to have promoted and implemented so-called passive investing, which can be regarded as one of the most attractive forms of investments considering the long-term valuation.

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Granting your consent: Under Act No. 18/2018 Coll. On Personal Data Protection and on modification of and amendment to certain acts as amended (hereinafter referred to as PDPA) and General Data Protection Regulation (EU) No. 2016/679 (hereinafter referred to as GDPR), I check the field and press the “Send” button granting Across Wealth Management, o.c.p., a.s. with their registered seat in Zochova 3, 811 03 Bratislava, Company Reg. No.: 35 763 388, incorporated in the Commercial Register of the District Court Bratislava I., Section: Sa, File No.: 2079/B (hereinafter referred to as Operator) my consent to process my personal data in the following extent: name, surname, and e-mail address (hereinafter referred to as Personal Data) as well as for marketing purposes (especially sending the newsletter, sending offers and commercials regarding products and services of Operator as well as products and services of companies and partners of the Across Private Investments Group, for evaluation of clients’ satisfaction) (hereinafter referred to as Purpose).

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Sending your contact data will allow you to access more information.

Granting your consent: Under Act No. 18/2018 Coll. On Personal Data Protection and on modification of and amendment to certain acts as amended (hereinafter referred to as PDPA) and General Data Protection Regulation (EU) No. 2016/679 (hereinafter referred to as GDPR), I check the field and press the “Send” button granting Across Wealth Management, o.c.p., a.s. with their registered seat in Zochova 3, 811 03 Bratislava, Company Reg. No.: 35 763 388, incorporated in the Commercial Register of the District Court Bratislava I., Section: Sa, File No.: 2079/B (hereinafter referred to as Operator) my consent to process my personal data in the following extent: name, surname, and e-mail address (hereinafter referred to as Personal Data) as well as for marketing purposes (especially sending the newsletter, sending offers and commercials regarding products and services of Operator as well as products and services of companies and partners of the Across Private Investments Group, for evaluation of clients’ satisfaction) (hereinafter referred to as Purpose).

Consent duration: Operator is granted this consent for the period of three (3) years.

Voluntariness: Granting this consent is fully voluntary. If this consent is granted by a person younger than 16 years, the consent with Personal Data Processing shall be granted by such person’s legal representative.

Revoking the consent: This consent with Personal Data Processing for the given Purpose may be revoked at any time in writing to the Operator’s address: Across Wealth Management, o.c.p., a.s., Zochova 3, 811 03 Bratislava or via an e-mail message sent to osobneudaje@across.sk. If the consent is revoked, Operator shall not process Personal Data for the given Purpose anymore.

More information for the data subject regarding Personal Data Processing can be found here.