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Mortgage lending on the rise in 1H

Slovak banks gave out 2.2 billion crowns ($44 million) in mortgage loans in the first half of this year, after a total of 1.4 billion for all 2000. However, fears remain that the loans will be hurt by the government's plans to lower mortgage subsidies from 5% to 4.5% next year.

Many Slovak banks have said that they see a potential boom in mortgage lending, and in the first half of this year, rates offered by some of the largest banks, including Všeobecná úverová banka (VÚB) have steadily fallen.

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