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

Austrian natural gas station close to Slovak border exploded Video

The incident, which claimed one fatality and at least 18 injuries, also created an emergency in a Slovak village close to the Austrian border.

The explosion of Austrian natural gas station in Baumgarten, December 12.

Austrian natural gas station close to Slovak border exploded Video

The incident, which claimed one fatality and at least 18 injuries, also created an emergency in a Slovak village close to the Austrian border.

The explosion of Austrian natural gas station in Baumgarten, December 12.

Austrian natural gas station close to Slovak border exploded Video

The incident, which claimed one fatality and at least 18 injuries, also created an emergency in a Slovak village close to the Austrian border.

The explosion of Austrian natural gas station in Baumgarten, December 12.

Blog: Environmental sustainability is the future for sustainability in business

A great example of how you can make a difference by sharing your passion with others: Ivana Maleš, co-founder of the Institute for Circular Economy, describes her journey to a sustainability consultant.

Illustrative stock photo