For service providers, financial literacy also involves understanding the needs of existing and potential customers and creating products and services suited to those needs. Finally, I would argue that financial literacy is also relevant for opinion makers and policy makers.
4 More than one-third of the profits of the six largest Austrian banks already come from this region. As Austrian banks continue to move into the southeast and east, their exposure is broadly diversified, which is intended to contain risks. At the same time, the Austrian authorities closely monitor potential challenges involved.