Spectator on facebook

Spectator on facebook

June saw record volume of mortgages

Slovak banks provided a record-breaking volume of mortgages in June following the previous top level seen in May, the TASR newswire reported citing stats issued by the Slovak central bank (NBS) on Wednesday, August 7. The volume of mortgages provided in June stood at €425 million, up from €400 million a month earlier. The main reasons for keen interest lie in low interest rates, no charges for the administration of credit accounts and current special offers. Interest rates dropped to 3.97 percent on average in June, below 4 percent for the second time ever after the first such instance in May, TASR learnt from Fincentrum consultancy. Fincentrum's analyst Ján Porázik said that the low interest rates on mortgages, for their part, are a function of low interest rates on the inter-bank market, competition, and the increased tendency among applicants to negotiate the terms and conditions of mortgages with banks. The phenomenon of clients switching between banks is also exerting an impact on the rates. Further record-breaking figures in terms of mortgage volumes may be seen this autumn, as banks are set to launch new promotions for their housing loans, said Porázik.

Slovak banks provided a record-breaking volume of mortgages in June following the previous top level seen in May, the TASR newswire reported citing stats issued by the Slovak central bank (NBS) on Wednesday, August 7.

The volume of mortgages provided in June stood at €425 million, up from €400 million a month earlier. The main reasons for keen interest lie in low interest rates, no charges for the administration of credit accounts and current special offers. Interest rates dropped to 3.97 percent on average in June, below 4 percent for the second time ever after the first such instance in May, TASR learnt from Fincentrum consultancy.

Fincentrum's analyst Ján Porázik said that the low interest rates on mortgages, for their part, are a function of low interest rates on the inter-bank market, competition, and the increased tendency among applicants to negotiate the terms and conditions of mortgages with banks. The phenomenon of clients switching between banks is also exerting an impact on the rates. Further record-breaking figures in terms of mortgage volumes may be seen this autumn, as banks are set to launch new promotions for their housing loans, said Porázik.

(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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

How to translate famous anti-war sonnets into English? Photo

Queen Elisabeth II appreciates the hundred-year-old Slovak poetry, since still topical today.

Pavol Országh Hviezdoslav

Kuciak did not even have a computer as a child and he grew up to be an analyst

A village boy who angered Marian Kocner. A profile of Ján Kuciak, who recently received the White Crow award in memoriam.

Ján Kuciak

UPDATED: Lajčák considers resignation if the migration compact is rejected

The foreign affairs minister also admitted to some disputes with PM Robert Fico.

Foreign Affairs Minister Miroslav Lajčák

Czechs chose Sagan as celebrity of the century

The Slovak cyclist defeated Czech singer and icon Karel Gott, Marta Kubišová and famous actor Zdeněk Svěrák.

Peter Sagan rejoices after his victory at TdF, July 8