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Volume of mortgage and consumer loans continues at high levels in Slovakia

Slovak banks provided the second-largest volume of mortgage and consumer loans in June 2011, according to the Fincentrum company, citing information from Slovakia's central bank (NBS), the TASR newswire reported.

Slovak banks provided the second-largest volume of mortgage and consumer loans in June 2011, according to the Fincentrum company, citing information from Slovakia's central bank (NBS), the TASR newswire reported.

The volume of mortgages and consumer loans in June was at a level of €366 million, down just slightly from the record-breaking level of €376 million recorded in May 2011.

"Slovaks are highly interested in funding their consumption, as the €111 million that was lent via consumer loans was a record-high figure," states Fincentrum's press release.

"The record-breaking volumes are an important testament to a post-crisis revival," said Fincentrum analyst Jan Poražík.

These developments were also reflected in the profitability of Slovak banks, with the sector recording total profit of €431.4 million in the first half of the year, up from the €240 million in the first six months of last year.

Source: 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.

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