Spectator on facebook

Spectator on facebook

Slovaks least indebted eurozone citizens

SLOVAKS are the least indebted people in the eurozone, with the average debt per Slovak household representing 43 percent of disposable income.

SLOVAKS are the least indebted people in the eurozone, with the average debt per Slovak household representing 43 percent of disposable income.

This, among other things, explains consumer credit growing in double digits, VÚB Bank spokesperson Alena Walterová told the TASR newswire.

While consumer lending in most eurozone countries has stagnated or is declining, the volume of consumer loans in Slovakia is up by almost 13 percent this year – the highest among the eurozone countries.

Several factors have affected the recent growth in loans, according to VÚB Bank chief financial analyst Zdenko Štefanides. These include the relatively small size of the Slovak credit market, economic growth that remains among the highest in the eurozone, as well as the decreasing fear of losing jobs – despite the relatively high level of unemployment, he told TASR.

Source: TASR

Compiled by Michaela Terenzani 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 rock music helped bring down the totalitarian regime Video

A new film shows that Rock & Roll, forbidden in the Soviet Union, helped to end the Cold War.

Illustrative Stock Photo

Movies under an open sky feel differently than in an air-conditioned cinema Photo

The popularity of outdoor cinemas is increasing in Bratislava

Bažant Kinematograf on the Magio Pláž beach

Peter Sagan announces split with his wife Katarína

The Slovak cycling star who has a young son said “It will be much better this way”.

Peter Sagan marries Katarína, November 2015.

Top 3 news from Last Week in Slovakia Video

Slovakia to buy 14 American fighter jets.

This archive picture from 2014 shows an older model of the F-16 fighter jets.