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]]>Teen Financial Champions Crowned in European Money Quiz 2024 Final
BRUSSELS, 19 April 2024 – Europe’s brightest young financial minds competed today in the European Money Quiz 2024 finals, hosted by the European Banking Federation (EBF). National delegations of teenagers aged 13-15, champions from their respective countries, convened to Brussels for a chance to win the prestigious European trophy.
Team Austria emerged victorious, showcasing their impressive financial literacy skills. Teams from Czechia and North Macedonia followed closely, securing the second and third spots on the podium.
National Competitions Fuel Enthusiasm of Europe’s Financial Savvy
This year’s European Money Quiz saw a record-breaking turnout in several countries, with approximately 36000 teenagers from 2200 schools participating in national rounds across Europe. The initiative, launched by the EBF in 2017, aims to empower young people with essential financial knowledge and foster a financially responsible generation.
To reach the finals, participants triumphed in national competitions held during European Money Week. This year’s outreach surpassed all expectations, with over 1000 schools participating in national competitions across some countries. This surge reflects the growing emphasis on financial education in Europe and the eagerness of young people to build a strong financial foundation.
Testing Financial Know-How: a Pan-European Effort
The quiz tested participants’ knowledge on critical financial topics for teens, including long-term planning, saving strategies, understanding cryptocurrencies, cybersecurity awareness, and responsible credit management. All questions aligned with the OECD/INFE guidelines for financial literacy education.
The competition saw participation from a total of 26 countries: Albania, Austria, Czech Republic, Estonia, Finland, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Poland, Portugal, Republic of North Macedonia, Romania, Serbia, Slovakia, Slovenia, Spain, and Ukraine.
Wim Mijs, CEO, EBF, said “Every year, we see in Brussels a new generation of youngsters ready to master their financial skills and claim the European championship title. By developing their skills with the support of their teachers early on, they are getting a serious head start for adulthood. It is impressive seeing so much positive energy in Brussels, year after year.”
Magnus Greil and Luis Poscher, Austrian team said: “This win feels amazing! We are very grateful for the opportunity that has been presented to us. We are proud to represent our country and especially our own class which supported us every minute of the competition. Thanks to EBF for providing such an amazing experience in Brussels! For the upcoming years we wish all the participants the best!”
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About the EBF
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from 45 countries. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere. Website: www.ebf.eu Twitter: @EBFeu.
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PRESS RELEASE
European Money Quiz brings together 50 000 European students
- Students from 28 countries tested their knowledge in financial literacy competition organised by the banking sector
- Hungary, Ireland, and Slovakia took the podium in the European finals
BRUSSELS, 21 April 2021 – 13-15-year-old students from secondary schools across Europe this week had their financial literacy challenged in the European Money Quiz’s Final, an online competition hosted by the European Banking Federation that brought to an end this year’s quiz season.
The European Money Quiz attracted nearly 50 000 students this year via the Kahoot platform. The quiz was launched in 2017 as an initiative to promote financial education by national banking associations in Europe, under coordination by the European Banking Federation.
“The continued resilience and dedication of the European Money Quiz community ensured a successful competition in an online format for the second year in a row. While we hope to be able to welcome the finalists in Brussels next year, we are proud of teachers and our members whose hard work made the quiz a reality even against a very challenging backdrop,“ said Wim Mijs, CEO of the European Banking Federation. “Now more than ever, financial literacy should be recognised as a critical life skill. We trust that the European Money Quiz provides an important contribution to boosting financial literacy across Europe”.
Zsófia Strasszer from Hungary was the winner of the European Final, followed closely by Georgia O’Keefe from Ireland and Veronika Makelová from Slovakia. Hungary, Ireland, Slovakia, Estonia, Austria, Malta, Italy, Portugal, Norway, and Greece were the top performing countries in this year’s European Money Quiz finals.
Competitors measured their knowledge on personal finance along four main themes: money and transactions; planning and managing finances; risk and reward; and the financial landscape. The pedagogic content of the quiz is aligned with the OECD/INFE guidelines and core competencies on financial literacy for the youth.
The classrooms that emerged as winners of their national competition all have selected a team of two representatives to represent their school in the European finals. This year students showed academic prowess by tackling the final’s questions in the English language. The participating teams come from Albania, Austria, Azerbaijan, Czech Republic, Denmark, Estonia, Finland, Germany, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, North Macedonia, Norway, Poland, Portugal, Romania, Serbia, Slovakia, Slovenia, Spain, Sweden, Turkey.
BACKGROUND:
- For a replay of the 2021 Finals: https://youtu.be/YSZQ7OqGXt4
- For more information on the European Money Quiz, visit: europeanmoneyquiz.eu
- Find the European Money Quiz coordinator in your country at: ebf.eu/europeanmoneyquiz/nationalcontactpoints/
MEDIA CONTACTS:
Ruta Barthet, Senior Communications & Media Officer, EBF
r.barthet@ebf.eu, +32 492 46 73 04
ABOUT THE EUROPEAN BANKING FEDERATION:
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.
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EBF PRESS RELEASE
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EBF publishes Financial Literacy Playbook for Europe
BRUSSELS, 3 November 2020 – Today the European Banking Federation presents its Financial Literacy Playbook for Europe. This playbook is the result of the common efforts of national banking associations across Europe and the European Banking Federation.
It provides a valuable snapshot of the banking industry’s financial education initiatives across Europe and can be used as a country-by-country reference guide. 35 countries actively worked through the EBF’s financial education committee to produce the playbook. It allows readers to explore what the banking sector – together with governments and leading NGOs – does to boost financial education and financial literacy.
This publication is a comprehensive but not exhaustive overview that serves as to complement reports on financial literacy in Europe as those published by the European Banking Authority, which reviews the actions by national financial supervisors, or the upcoming report by the European Commission in the context of the review of the Mortgage Credit Directive.
The European Banking Federation believes that the active involvement in financial education and literacy programmes such as the European Money Week, the European Money Quiz and the lobby-work for policies that encourage financial literacy, can play an important role in fostering a more prosperous society and well-being for all.
Says Wim Mijs, Chief Executive Officer of the EBF:
➢ “An increasing number of countries in Europe are embracing public-private cooperation as a model for financial education with an impact. Such cooperation is an essential success factor for boosting financial literacy.”
National platforms are paying off. Banks don’t necessarily need to be in the lead, but our industry encourages the creation of such public-private-platforms where they do not yet exist.
The global Covid-19 pandemic is testing financial resilience on an unprecedented scale. The health emergency is making it even more important to develop financial literacy. It is a relevant life skill, just as reading and writing.
FIND THE PLAYBOOK AT https://www.ebf.eu/priorities/financial-education/
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Media contact:
Raymond Frenken, Director of Communications
r.frenken@ebf.eu +32 2 508 3732
About the European Banking Federation:
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.
Subscribe to the EBF Weekly + FinReg Agenda
Every Friday at noon you can receive the EBF Weekly + Financial Regulation Agenda. This agenda presents an overview of upcoming European and international meetings and conferences in financial regulation, as well as important general financial and economic events and key EBF meetings for the week ahead. CLICK HERE TO SUBSCRIBE
Subscribe to the EBF Morning Brief
The EBF Morning Brief is published Monday through Friday morning and brings you the top banking headlines, relevant announcements from the EU institutions and the latest from the EBF and its members, national banking associations in 32 countries in Europe. CLICK HERE TO SUBSCRIBE
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PRESS RELEASE
European Money Quiz 2020 beats the virus
- Europe’s biggest online financial literacy quiz played nearly half a million times
BRUSSELS, 18 June 2020 – Young students from secondary schools across Europe this week had their financial literacy challenged by YouTube viewers worldwide in the European Money Quiz’s Grand Final, a live online game show hosted by the European Banking Federation that brought to an end this year’s quiz season.
The European Money Quiz is Europe’s biggest financial literacy contest and attracted nearly half a million game plays this year, up from about 160.000 in 2019, via the Kahoot platform. The quiz was launched in 2017 as an initiative to promote financial education by national banking associations in Europe, under coordination by the European Banking Federation.
“This time it is for fun. Later in life, it will be for real,” said Hilde Johanssen, financial education specialist at FinanceNorway, chair of the EBF Financial Education Project Group.
The 16 June Grand Final was organized as an online alternative to the European championship that had been scheduled for Brussels in May, but was cancelled due to the Coronavirus pandemic. Despite the school closures across Europe, national finals were still held in 22 of the 28 countries that had planned to take part this year.
“Thanks to the resilience and flexibility in Europe’s educational community it was possible to keep the European Money Quiz going in 2020,” said Raymond Frenken, European coordinator of the quiz. “Some countries were very creative. The innovative teaching method behind the quiz combines live streams on Youtube with the Kahoot quiz platform. This makes it fun and straightforward for teachers to reach out to their students even when they are at home, and they can easily integrate it into their online teaching programmes.”
Practice quizzes available in 25 languages
Students were also encouraged to practice for the European Money Quiz at home using the dozens of Kahoot quizzes available in as many as 25 different languages.
Winners of the national competitions in 2018 and 2019 all won a ticket to Brussels to compete in the European championships, hosted by the EBF. This year, however, travel restrictions made it impossible to bring young students to Brussels. Instead, the choice was made to host a Grand Final online, as a fun interactive event combining a Zoom video conference with Kahoot quizzes and a live feed on Youtube to bring students, teachers and hosts together online.
Among the participants in the Grand Final were 29 of this year’s national winners. They had their financial literacy knowledge challenged directly by the online audience. It was clear that the national champions were difficult to beat: three of the top five performers in the Grand Final were the national winners, including the representatives of Spain, North Macedonia and the Czech Republic.
Mateo González Villar from Spain, who had previously won the Spanish national final, was the winner of the Grand Final, followed closely by Hristijan Andovski from North Macedonia and the Czech Republic’s team, with Zuzana Tomkova and Julie Gbelcova.
The European Money Quiz is a European competition on financial literacy for 13-15-year-olds. Competitors measure their knowledge on personal finance along four main themes: money and transactions; planning and managing finances; risk and reward; and the financial landscape. The pedagogic content of the quiz is aligned with the OECD/INFE guidelines and core competencies on financial literacy for the youth.
Participating countries in 2020: Albania, Austria, Azerbaijan, Belgium, the Czech Republic, Denmark, Estonia, Finland, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, the Netherlands, North Macedonia, Norway, Poland, Portugal, Romania, Serbia, the Slovak Republic, Slovenia, Spain and Sweden. The practice quizzes attract online players from all over the world, with the majority of them coming from the United Kingdom, France and Turkey.
BACKGROUND:
- For a replay of the 2020 Grand Final: https://www.youtube.com/watch?v=3DJtz2Aeyww
- For the quiz questions from the Grand Final: com/EMQgrandfinal
- For more information on the European Money Quiz, visit: europeanmoneyquiz.eu
- Find the European Money Quiz coordinator in your country at: ebf.eu/europeanmoneyquiz/nationalcontactpoints/
MEDIA CONTACT:
Raymond Frenken, European Banking Federation
+32 2 496 52 59 47 or r.frenken@ebf.eu
ABOUT THE EBF:
The European Banking Federation is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere. The EBF serves as the voice of the European banking sector, bringing together 32 national banking associations in Europe that together represent some 3,500 banks – large and small, wholesale and retail, local and international.
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PRESS RELEASE
European Money Quiz Finals Completed in Brussels
- Slovenia, North-Macedonia and Germany take the podium
in financial literacy competition organised by banking sector
BRUSSELS, 7 May 2019 – Six young students from Slovenia, North-Macedonia and Germany on Tuesday emerged as winners in the 2019 finals of the European Money Quiz, an international financial literacy competition that attracted more than 100.000 students from 28 European countries.
The Slovenian team, represented by students Sanja Feltrin and Zala Kacafura Stanic from the Osnovna Sola Dusana Muniha primary school from Most na Soci emerged as the 2019 European champion, taking over from Poland, which won the competition in 2018 when the European finals were hosted for a first time.
The second place went to Marko Ingjilizov and Viktoria Panova of the Gymnazija Kocho Racin in Veles, in the Former Yugoslav Republic of Macedonia, also known as North-Macedonia. The team from Germany, comprising Josias Neumuller and Isabbel Hirschmann, of the Markgraff-Georg-Friedrich Gymnasium in Kulmbach, Bavaria, took third place.
Financial education specialists at national banking associations across Europe, together with the European Banking Federation, launched the European Money Quiz in 2017. The quiz has become a core activity also for European Money Week, the international financial literacy awareness week that takes place every year during the second half of March.
The winning teams in the national finals were all invited by their respective national banking associations to travel to Brussels for the European finals. Nearly 60 students took part in the final stage of the competition.
For more on the European Money Quiz and to play the practice questions visit https://www.ebf.eu/europeanmoneyquiz/
TWITTER LIVE VIDEO REGISTRATION FROM THE AWARDS CEREMONY:
https://twitter.com/i/broadcasts/1mnxevZAkjNKX
MEDIA CONTACT:
Raymond Frenken, Head of Communications & Financial Literacy
+32 2 508 2711 or r.frenken@ebf.eu.
National contact points for the European Money Quiz:
https://www.ebf.eu/europeanmoneyquiz/nationalcontactpoints/
ABOUT THE EBF:
The European Banking Federation is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere. The EBF serves as the voice of the European banking sector, bringing together 32 national banking associations in Europe that together represent some 3,500 banks – large and small, wholesale and retail, local and international.
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PRESS RELEASE
European Money Quiz engages 100.000+ kids on financial literacy
- European finals set for 7 May in Brussels with 28 countries, 26 languages
- New financial literacy book to be presented, to provide teacher guidance
BRUSSELS, 2 May 2019 – Young students from secondary schools in 28 European countries will meet in Brussels next week to compete against each other in the finals of the European Money Quiz, an international financial literacy competition facilitated by the banking sector that aims to encourage teachers and schools to educate their classes on personal finance.
According to a survey among participating countries, more than 100.000 young Europeans aged between 13 and 15 years old took part in this year’s quiz, more than double the number for 2018, when the quiz was played for the first time. Some 20.000 of them directly took part in one of the national finals organised in March with nearly 2.000 different schools.
“We are quite proud of the numbers. They show that there is a genuine thirst in schools across Europe to help kids become more financially literate,” said Wim Mijs, Chief Executive Officer of the European Banking Federation.
The European Money Quiz was introduced in 2017 by national banking associations across Europe under the coordination of the European Banking Federation, together with international online learning platform Kahoot! as a technology partner. The quiz has become a core activity also for European Money Week, a financial literacy awareness week that takes place every year during the second half of March.
“We developed the quiz together with financial education experts working for banking associations in 30 countries, with only a single objective: getting teachers and their pupils to talk about the role of money in their lives. Increasingly, teachers recognize that financial literacy has become a life skill, especially in our digital age.”
Participants in the European finals in Brussels all emerged as winners of their respective national competitions. New countries taking part this year are Azerbaijan, Romania and the Former Yugoslav Republic of Macedonia. Other participating teams come from Albania, Austria, Belgium, Croatia, the Czech Republic, Estonia, Finland, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Liechtenstein, Luxembourg, the Netherlands, Norway, Poland, Portugal, Serbia, Slovenia, Spain and Sweden. The quiz also attracted online players in the United Kingdom, France, Denmark and Turkey.
Played in two rounds, the quiz finals will be based on a total of thirty financial literacy questions on various personal finance themes such as savings, debt, interest rates and managing risk. Each national team gets to answer these questions via the Kahoot! platform in their native language. The 2019 European finals will be played in 26 different languages, compared to 21 languages in 2018. The 2019 European Money Quiz Champion will be announced during the awards ceremony at the Dolce La Hulpe Hotel in Brussels on Tuesday afternoon. The top three winning schools will receive a cash prize of respectively €3.000, €2.000 and €1.000 to spend on a financial education project of their own choice.
International edition of ‘First steps in Finance’ to be presented on 6 May
On Monday 6 May, during a financial education workshop for teachers as part of the European Money Quiz activities, the EBF will launch the international English-language edition of the book ‘First Steps in Finance’ by Icelandic author Gunnar Baldvinsson. The Icelandic edition was published last year as an initiative by the Icelandic Banking Association and has become a widely used resource in the country’s schools. The international edition seeks to provide guidance to teachers across Europe who are looking for ideas on teaching financial literacy.
For more on the European Money Quiz and to play the practice questions visit www.europeanmoneyquiz.eu.
MEDIA INFORMATION:
Journalists wishing to attend the award ceremony of the European Money Quiz finals on 7 May and/or the book launch on 6 May can contact Raymond Frenken, Head of Communications & Financial Literacy at the European Banking Federation, on +32 2 496 52 59 47 or r.frenken@ebf.eu.
National contact points for the European Money Quiz:
https://www.ebf.eu/europeanmoneyquiz/nationalcontactpoints/
About the EBF:
The European Banking Federation is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere. The EBF serves as the voice of the European banking sector, bringing together 32 national banking associations in Europe that together represent some 3,500 banks – large and small, wholesale and retail, local and international.
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]]>EBF financial education initiative recognized as Best Trade Body Campaign 2018
- Public Affairs Awards Europe 2018 celebrated in Brussels
- European Money Quiz 2018 was nominated for two awards
BRUSSELS, 22 November 2018 — The European Money Quiz, a financial education initiative by national banking associations in Europe under coordination by the European Banking Federation, on Wednesday was recognized as the best 2018 Trade Body Campaign in Europe in the Brussels awards ceremony hosted by the UK-based Public Relations and Communications Association (PRCA). A jury consisting of European public affairs professionals praised the European Money Quiz as a project that managed to make a significant impact on a relatively low budget.
More than 41.000 kids in the 13-15 year-0ld age group this year took part in the European Money Quiz by playing the online quiz with their classroom in national finals organized by banking associations across Europe. National winners from 25 countries travelled to Brussels in May to compete against each other in the European finals, hosted at the meeting centre of the EBF in Brussels.
VIDEO: European Money Quiz Finals in Brussels:
National finals were held during March and April and organized by the participating national banking associations. In most countries classrooms countries played directly against each other through a live online quiz via the Kahoot! online learning platform. The list of countries represented in the finals included Albania, Austria, Belgium, Croatia, the Czech Republic, Estonia, Finland, France, Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Liechtenstein, the Netherlands, Norway, Portugal, Serbia, Slovenia, Spain and Sweden.
Questions in the money quiz were available in 22 different languages. Kids competing in the European finals also answered the same questions in their own language.
Special collaboration
To promote the quiz among educators and schools national banking associations were able to draw on materials developed by the European Banking Federation and its Financial Education Project Group, together with Brussels-based consultancy Cambre Associates. The toolkit included sample questions, practice quizzes, teacher instructions as well as a videos, infographics and other materials that were all available to national coordinators in the language of their country. The European Money Quiz also was nominated for the award for best in-house collaboration in public affairs, recognizing the special aspects of the partnership with Cambre Associates.
A special partnership with Kahoot!, the Norway-based online quiz platforms used in millions of classrooms worldwide, was instrumental for the success of the European Money Quiz. For each of the national finals Kahoot! hosted a live-stream via YouTube with questions appearing directly on smart-boards or displays in classrooms in the country. Answers were given directly online, allowing each classroom to see how well it compete against others in their country as soon as the quiz ended. The winners won a trip to Brussels for two students to participate in the European finals. The 2018 European Money Quiz final was won by the team from Poland, with Ireland and Germany taking 2nd and 3rd place.
Each team was able to answer a total of 30 financial literacy questions in their native language. The questions were available in 22 different languages and addressed topics such as savings, debt, investments, compound interest, inflation and also cyber-security.
Practice quizzes
To help students prepare for the quiz the organising banking associations had created practice quizzes. These are designed to help students test their skills and insights and determine their readiness to manage personal finances. Teachers can also use these ‘Kahoots!’ as a fun element in financial literacy classes. Since January more than 190.000 practice quizzes have been played. The practices quizzes are available at www.europeanmoneyquiz.eu and via the various national websites for the European Money Quiz.
Preparations are underway for the 2019 European Money Quiz. Most national finals are expected to be played during European Money Week, which starts on Monday 25 March. The European finals in 2019 are planned for 6-7 May in Brussels.
For more information:
National contact points for the 2018 European Money Quiz:
Subscribe to the EBF Weekly + FinReg Agenda
Every Friday at noon you can receive the EBF Weekly + Financial Regulation Agenda. This agenda presents an overview of upcoming European and international meetings and conferences in financial regulation, as well as important general financial and economic events and key EBF meetings for the week ahead. CLICK HERE TO SUBSCRIBE
Subscribe to the EBF Morning Brief
The EBF Morning Brief is published Monday through Friday morning and brings you the top banking headlines, relevant announcements from the EU institutions and the latest from the EBF and its members, national banking associations in 32 countries in Europe. CLICK HERE TO SUBSCRIBE
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