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

News digest: Slovak-Hungarian relationship has never been as good as now, Hungarian MFA says

Health Ministry fears spread of Delta strain from football match in Budapest. Hungarian Foreign Affairs Minister refutes claims of a negative relationship with his Slovak counterpart. Read more in today's digest.


16 h
Illustrative stock photo

Law change makes cannabidiol legal

CBD allowed in cosmetics, but off the menu for food products.


21 h
The Umbrella March is held in Bratislava this Sunday, June 20, 2021.

A record set by Luis Suarez has been broken in Slovakia

Read other interesting stories from this week in the roundup.


20 h
A paraglider flies over a valley from the Martinské hole mountains.

The Slovak region compared to Tuscany is a big unknown

Set out on a trip to the Turiec region with a new Spectacular Slovakia podcast series.


17. jún