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.
30. Jul 2001 at 0:00 | From press reports of TASR and SITA