THE VOLUME of housing loans extended by banks in Slovakia in June increased by €138.4 million in monthly terms, the SITA newswire reported.
The overall volume of real estate loans amounted to €9.839 billion at the end of the first sixth month of this year. Other real estate loans, going up by €122.4 million to €4.183 billion, contributed the most to growth in June.
Home savings loans grew €10.6 million to €1.854 billion and mortgages increased €5.3 million to €3.801 billion, the National Bank of Slovakia informed as reported by SITA.
The largest bank in Slovakia, Slovenská Sporiteľňa, had 25.8-percent of all real estate loans provided. A total of 22.3 percent fell to VÚB Banka. The bank reported a 40.98-percent share of classic mortgages, followed by Tatra Banka (23.85 percent).
Slovenská Sporiteľňa dominated in the category of other real estate loans, with 50.98 percent. Considering home saving products, the market share of Prvá Stavebná Sporiteľňa was 86.63 percent.
In Slovakia 20 banks provide real estate loans, with eight of them holding licences to provide mortgages. In the past, banks gradually expanded options for financing housing, to include consumer loans secured by real estate or other housing loans, which, in some cases have replaced classic mortgages. Some banks now only rarely provide classic mortgages.
