Spectator on facebook

Spectator on facebook

Slovak banks approve Sk28.4 billion in mortgages

Banks approved mortgages worth Sk28.4 billion (€850 million) in Slovakia last year, bringing the total amount since this type of loan was introduced fully in 1999 to Sk116.2 billion, the Slovak central bank (NBS) said on February 6.

Banks approved mortgages worth Sk28.4 billion (€850 million) in Slovakia last year, bringing the total amount since this type of loan was introduced fully in 1999 to Sk116.2 billion, the Slovak central bank (NBS) said on February 6.

Borrowers concluded 19,631 mortgage contracts in 2007, taking the total number to 111,788. In all types of mortgages, clients drew Sk94.4 billion to the end of 2007, meaning an annual increase of Sk18.5 billion. The amount of unsettled mortgage principal rose by Sk15.3 billion to Sk83.4 billion.

In 2007, banks issued Sk15.9 billion worth of mortgage-deposit certificates, representing 96.25 percent of total unsettled mortgage principal. This brought the value of all mortgage-deposit certificates since mortgages were introduced to a total of Sk80.9 billion. Tatra Banka became the leading mortgage provider last year, with a 34.59-percent market share. It was followed by VÚB (28.58 percent), OTP Banka Slovensko (8.65 percent), Slovenská Sporiteľňa (8.29 percent), Istrobanka (4.96 percent), UniCredit (4.31 percent), Voklsbank Slovensko (3.6 percent), ČSOB (3.54 percent), and Dexia (3.48 percent). TASR

p>Compiled by Zuzana Vilikovská from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Populists are more creative than liberals

The essence of creativity and good governance is about finding a coherent story. When every city gets smart, being a stupid city will be an advantage, says a strategic management expert.

Maciej Kisilowski

Slovak biathletes surprise in women’s relay Photo

Though they were not considered favourites, Slovak biathletes fought bravely for medal positions but ended fifth.

Ivona Fialková of Slovakia crosses the finish line.

Two anniversaries, one enduring relationship

Countless Slovaks and Americans continue to cultivate and renew the strong bonds of friendship between the US and Slovakia through cooperation in the business, technological, cultural, and educational spheres.

US Embassy in Bratislava

Skier Vlhová missed the medal by 0.65 seconds Photo

She competed in the Alpine Combined Slalom for the first time.

Petra Vlhová