11. November 2002 at 00:00

Personal loans increase

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TASR , SITA ,

Newswire

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TOTAL loans to people and firms rose Sk29 billion to Sk333 billion ($675 million to $7.74 billion) from September 2001 to September 2002, although economic analysts warn the amount is still not enough to release the full potential of the Slovak economy.

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Loans to individuals have increased from 6 per cent of the overall total five years ago to about 20 per cent today, largely because individuals often show greater payment discipline than firms.

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