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Few expats save money in local banks

Posted on 1 December 2011 by Bill Carriker | Leave a reply
Expats in Saudi Arabia and the UAE prefer to put money aside for long-term savings and investment at home; click to enlarge.

New survey data from kippreport.com should cheer international banks. It found a majority of expats living in Saudi Arabia and the UAE prefer to save money at home.

According to the survey, 74% of expats across both countries have a savings account in their home country, but only 33% in their country of residence. Demand for ATM/debit cards, by contrast, was nearly identical in both locations.

Posted in Expat Trends.
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