Personal loans increase

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.

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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