Current Situation & Support for Future Actions Sample Clauses

Current Situation & Support for Future Actions. According to the Eurobarometer survey, approximately 99% of the French population have a current bank account.63 A separate study commissioned by DG Employment, Social Affairs and Equal Opportunities shows that less than 5% of the French population have no access to transaction banking, revolving credit or savings of any kind.64 This shows that France is doing well compared to other EU Member States. However, the French Bankers Federation notes the widely differing reasons across the EU for not having a bank account. They see the issue as one of increasing banking penetration rather than focussing solely on the issue of access to a basic account.
Sample 1
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Current Situation & Support for Future Actions. According to the Eurobarometer survey, approximately 99% of the German population have a current bank account.74 A separate study commissioned by DG Employment, Social Affairs and Equal Opportunities shows that less than 5% of Germans have no access to transaction banking, revolving credit or savings of any kind.75 This shows that Germany is doing well compared to other EU Member States. The current account for everyone is regularly assessed by the government. Overall, the Finance Ministry has concluded in a 2008 report that the situation for persons without basic accounts has not significantly improved over time. The report goes on to emphasise that a continued reluctance by the banking sector to honour its voluntary self-commitment may result in the creation of legal measures to ensure all eligible persons may hold a basic account.76
Sample 1
Current Situation & Support for Future Actions. According to a Eurobarometer survey on financial inclusion, approximately 85% of the Lithuanian population has a current bank account.82 The Association of Lithuanian ml 81 Encyclopaedia of the Nations. “Lithuania – Banking and Securities”. Retrieved from xxxx://xxx.xxxxxxxxxxxxxxxxxxx.xxx/Europe/Lithuania-BANKING-AND-SECURITIES.html 82 Flash Eurobarometer 282. “Consumers’ Views on Switching Providers (European Commission: Brussels forthcoming) Country Review 3 Xxxxx suggests this figure is a reasonable estimate, due to the banking sector’s generally uniform procedures in terms of improving access to banking facilities. On the basis of this estimate Lithuania can be compared favourably to less economically developed economies in some other EU 12 countries (e.g. only 49% of the Bulgarian population have a current bank account). On the supply side, Lithuanian banks are bound by the Law on Banks of Lithuania which guarantees the right to select customers based on internal preferences. Difficulties exist in the distribution of banking resources within different areas, especially those with low levels of employment. On the demand side, people from poorer regions, including the unemployed and retired, are more informed with regard to saving options and the ease of using facilities such as ATM’s and online banking. The current situation is based on a market-oriented approach. There is no legal obligation in Lithuania on banks to provide basic banking services to any applicant. The financial sector is largely driven by Scandinavian commercial banks that have a firm hand in the shaping of financial inclusion policies within the Lithuanian banking sector. Along with commercial banks, Post Offices have helped to maintain an institutional savings system for isolated communities in rural areas. Post Offices play a central role in many small towns and villages where access to mainstream and internet banking facilities is limited. They provide basic services to pensioners and those without regular access to regional bank branches. Until recently, the majority of pensioners habitually received their state welfare payments via postal delivery. New government legislation coming into effect in 2010 however requires welfare benefits to be paid directly into bank accounts. If implemented effectively, this new legislation could result in declining use of Post Office facilities. Moreover, as a result of the most recent economic crisis, budget and public spending cuts have led to...
Sample 1
Current Situation & Support for Future Actions. According to the Eurobarometer survey, approximately 98% of the Spanish population have a current bank account.88 A separate study commissioned by DG Employment, Social Affairs and Equal Opportunities shows that less than 10% of the Spanish population have no access to transaction banking, revolving credit or savings of any kind. This shows that Spain is doing well compared to other EU Member States With approximately 45,000 branches nationwide and strong banking competition, supply factors (e.g. price of a Basic Bank Account, geographical access) tend to play a very minor role in inhibiting access to a Basic Bank Account in Spain.89 Demand factors, on the other hand, constitute a challenge; in particular, groups with limited financial education or lacking ID cards tend to find it more difficult to obtain a Basic Bank Account. The current situation is the result of a market-based solution. There is no legal obligation in Spain to provide basic banking services to any applicant. The financial sector is considered to be highly competitive, including wide access to financial services. Along with commercial banks, savings banks have been a major force in extending services. Spanish savings banks offer banking products specifically designed for vulnerable groups. They have ties with communities and support social, cultural and educational projects.90 During the past decade or so the Spanish savings banks and their confederation have publicly expressed their keen interest in reducing financial exclusion.
Sample 1
Current Situation & Support for Future Actions. According to the Eurobarometer survey, approximately 99% of the Swedish population have a current bank account.94 A separate study commissioned by DG Employment, Social Affairs and Equal Opportunities shows that less than 5% of the Swedish population have no access to transaction banking, revolving credit or savings of any kind.95 This shows that Sweden is doing well compared to other EU Member States. The vast majority of the population does not have a problem in opening a current bank account. Since accounts generally are not provided with overdraft facilities, credit checks become less crucial. According to the interviews carried out in Sweden, it appears that lack of identification is one of the more common reasons for denying a bank account. This in turn tends to be more of a problem for immigrants.
Sample 1
Current Situation & Support for Future Actions. According to the Eurobarometer survey, approximately 98% of the UK population have a current bank account.99 A separate study commissioned by DG Employment, Social Affairs and Equal Opportunities shows that less than 10% of the UK population have no access to transaction banking, revolving credit or savings of any kind.100
Sample 1

Related to Current Situation & Support for Future Actions

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