Spectator on facebook

Spectator on facebook

Volume of new bank loans fell 0.5 percent in December

In December 2008 the volume of new loans banks provided to clients in Slovakia fell 0.5 percent month-on-month (m/m) to Sk172.845 billion (€5.737 billion).

In December 2008 the volume of new loans banks provided to clients in Slovakia fell 0.5 percent month-on-month (m/m) to Sk172.845 billion (€5.737 billion).

The National Bank of Slovakia (NBS), in a report on loans provided by Slovak bank institutions, said that the volume of loans provided to households as well as to corporate entities fell. The commercial sector reported a drop of 1.5 percent m/m and the volume of new loans provided to personal clients fell 1.7 percent, the SITA wrote.

The volume of new loans provided to corporate clients reached Sk115.729 billion (€3.841 billion) in December. Behind the m/m fall was a decline in the volume of current account overdraft facilities by nine percent to Sk88.603 billion (€2.941 billion) and a drop in real estate loans by 26.1 percent to Sk2.389 billion (€79.3 million). On the contrary, operating capital loans grew 68 percent to Sk12.681 billion (€420.9 million) and investment loans by 17.3 percent to Sk6.296 billion (€209 million).

New loans provided to personal clients represented Sk27.605 billion (€916,300 million) in December. According to the central bank, their m/m rate of decline slowed, as they dropped eleven percent m/m in November. Real estate loans posted a growth of 2.4 percent to Sk6.164 billion (€204.6 million). The volume of current account overdrafts decreased by 2.8 percent to Sk13.262 billion (€440.2 million) and consumer loans shrank 5.9 percent to Sk1.919 billion (€63.7 million). The overall volume of loans provided to clients includes loans provided to non-financial institutions, other financial intermediators, insurance companies, pension funds, public administration, non-governmental institutions serving households, personal clients, self-employed persons and non-residents. SITA

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

Chinese are closer to taking over Košice steelworks

The sale may be completed early next year, according to reports.

U.S. Steel Košice

Third anti-corruption march drew thousands Photo

The only demand that has been met to date is the abrogation of Vladimír Mečiar’s amnesties by parliament.

The anti-corruption march

Slovak water slalom racers start championship with a victory Video

The single canoe slalom team can boast with several records.

l-r: Alexander Slafkovský, Matej Beňuš and Michal Martikán

Blog: In Slovakia, tradition is key

The year round, the calendar is filled to the brim with traditional habits, happenings that seem to go back centuries.

Traditional "vinobranie" event in Pezinok.