Spectator on facebook

Spectator on facebook

FOCUS SHORT

Consumer loans hit record high

THE VOLUME of consumer loans provided by Slovak banks in March exceeded the record set last November. Slovaks borrowed €120 million in March through consumer loans, the highest amount since the introduction of the euro in 2009.

THE VOLUME of consumer loans provided by Slovak banks in March exceeded the record set last November. Slovaks borrowed €120 million in March through consumer loans, the highest amount since the introduction of the euro in 2009.

The annual growth was 17.8 percent, the TASR newswire wrote, citing information released by the National Bank of Slovakia on May 7.

Eva Sadovská, an analyst with Poštová Banka, told the Sme daily that she believes massive advertising campaigns by banks promoting loan consolidations were the reason for the record loan volume. Another reason behind the increase in the volume of consumer loans was stronger interest in loans for property reconstruction, Sme wrote.

Topic: Finances and Advisory


Top stories

LGBTI people in the regions: We change people’s minds

Bratislava will dress up in rainbow colours this August again, for the seventh time. This will be for the Bratislava Dúhový Pride diversity festival. But the colours of the rainbow are less bright in the regions,…

Slovakia’s LGBTI community seeks to expand their rights.

Things that make us different also make us stronger

On August 19, a rainbow flag will fly over the US Embassy in Bratislava to represent the firm commitment of the United States to defending the human rights of LGBTI people, writes Ambassador Sterling.

The rainbow flag flew over the US Embassy in Bratislava in 2016.

Blog: 5 things you should do on your visit to the north of Slovakia Photo

Here is a list of tips by an experienced tour guide - including things you have probably not tried before.

Bratislava growing high Photo

High-rise buildings sprouting up in Bratislava

Visualisation of the future skyline of Bratislava