Spectator on facebook

Spectator on facebook

Over 60 percent of loans in Slovakia are for housing purposes

More than 60 percent of loans granted to Slovaks in the first quarter of 2008 were intended for housing purposes, with mortgages being the most popular type of lending, the Slovenská Sporiteľňa (SLSP) savings bank said on July 7.

More than 60 percent of loans granted to Slovaks in the first quarter of 2008 were intended for housing purposes, with mortgages being the most popular type of lending, the Slovenská Sporiteľňa (SLSP) savings bank said on July 7.

Mortgages accounted for 43 percent of all housing loans (Sk95 billion/€3.14 billion) in 1Q08, with other types of housing loans making up 24 percent (Sk55 billion/€1.82 billion), construction loans 23 percent and home-equity loans 10 percent.

Slovakia and the Czech Republic have a loan structure typical for the European Union as a whole, with housing loans dominating, indicates Central European Bank (ECB) data for 2007. Hungary, Poland and Slovenia in contrast have a higher percentage of consumer loans, which are followed by housing loans and other lending in second and third places. TASR

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

Proxy for Roma criticises minister Kaliňák for ethnical and group discrimination

The government proxy slammed Interior Minister Robert Kaliňák for the draft law on repressing criminality in Roma settlements, for populist discrimination and preferring repression to prevention.

Roma communities, illustrative stock photo

Slovak racer Svitko finished at Dakar Video

After a serious fall in the tenth leg, Slovak motorcyclist Štefan Svitko resigned from the 40th year of the Dakar Rally due to pain in his upper body.

Štefan Svitko

Carmakers in Slovakia produced more than one million cars last year

2018 will be critical for Slovakia’s automotive industry, claim sector’s representatives.

Most cars produced in Slovakia head for export.

Slovaks in the UK do not have to fear Brexit

Brexit itself should not impact the position of Slovaks in the UK, an interim agreement between the European Union and Great Britain suggests.

Brexit, illustrative stock photo