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

Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký

What kind of expectations do some Slovaks have for world leaders?

Among EU member states, opinions of the United States declined in all but two — Poland (which makes some sense) and Slovakia (which does not).

Donald Trump

Crates and boxes. Slovaks discover new ways of grocery shopping

Farmer’s boxes are gaining customers in Slovakia as people slowly become more conscious about quality and the origin of the food they eat.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Scandi 4