Spectator on facebook

Spectator on facebook

Bank loans increased by 64 percent from January to February

Bank loans grew by 64 percent month-on-month in Slovakia in February, after a 50-percent drop was recorded in January, according to statistics from the Slovak Central Bank (NBS) released on March 30, the TASR newswire wrote. Loans to companies increased by 62 percent m-o-m to €757 million, out of which new operation and investment loans grew by 70 percent, while real-estate loans went up by 17 percent. Other types of loans recorded an increase of one-third m-o-m in February.

Bank loans grew by 64 percent month-on-month in Slovakia in February, after a 50-percent drop was recorded in January, according to statistics from the Slovak Central Bank (NBS) released on March 30, the TASR newswire wrote.

Loans to companies increased by 62 percent m-o-m to €757 million, out of which new operation and investment loans grew by 70 percent, while real-estate loans went up by 17 percent. Other types of loans recorded an increase of one-third m-o-m in February.

The reason behind this significant increase is that January is usually a weak month for new loans which leads to banks recording more significant loan growth in the following month. The m-o-m increase in loans in February of last year, however, stood at a much lower figure of just 15 percent.

Loans to individuals increased significantly m-o-m as well in February, by 72 percent to €253 million. The biggest growth was seen in consumer loans - 93 percent, followed by real-estate loans - 66 percent, and other loans - 59 percent. For comparison, loans to individuals increased by 12 percent m-o-m in February 2008. 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

My five-year-old daughter will almost certainly encounter a Weinstein too

It’s not that I thought sexually harassing women was okay, it’s more that I accepted that was just part of how things worked. Unfortunate, yes, but also standard.

Harvey Weinstein

Socialism elections were parody of free vote

After the revolution in 1989 the number of people participating in elections fell from 99 percent to around 60 percent.

Elections during socialism regime.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 17 and November 26, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Lúčnica

Top 3 stories from Last Week in Slovakia Video

Chinese could produce e-cars in Slovakia - PM Robert Fico does not see election defeat - Poliačik leaves the strongest opposition party

PM Robert Fico