Introduction
Dear visitors of the English version of the ACSS website. If you walk through the Czech original, immediately discover that the English section is succinct. This is so because it aims to bring all the visitors basic information about building savings in the Czech Republic. We believe that the basic orientation in matters of the Czech building society and business associations, will provide the web. If you have additional questions, please use the contacts listed here.
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News
Interest in home-building savings falls in Q1-3
10. 10. 2011 - Prague, Oct 10 (CTK) - Building societies in CzechRep provided loans worth Kc33.6bn in Q1-3 this year, nearly Kc12.1bn lower than a year earlier, and interest in new home-building savings contracts and raising of target amounts is also decreasing, data from all the five Czech building societies show.
Czech building societies lending drops 28 pct in Jan-July
23. 08. 2011 - Prague, Aug 21 (CTK) - Czech building societies granted loans worth more than Kc 25.5bn in January-July this year, a year-on-year drop of 28 percent, according to data from all the five building societies operating in the Czech Republic.
Czech building societies see lending, contract numbers fall
15. 06. 2011 - Prague, June 14 (CTK) - Building societies in the Czech Republic granted loans worth almost Kc18bn to clients in January-May, a year-on-year decrease of 29 percent, according to data from the five largest Czech building societies.
A stable product under strong pressure last year
31. 05. 2011 - Prague, May 26 (Bankovnictvi) - Although many attacks were made on building savings last year, the results only confirm its stabilising and anti-cyclical effects. The recovery of the market freed up the existing alternatives.
Concept of building savings still unknown
19. 05. 2011 - Czech Constitution Court decided repealed part of building savings law, so that 50 % taxation of the state support for 2010 retroactively is disallow. At same time, it is not clear how the concept of the building savings will look like. Discussion of the concept are still proceeding. Concrete proposal was not published yet.
Building Savings in 2010 - Yearbook
18. 05. 2011 - The Association now publishes a regular publication that summarizes developments in the sector last year. The results for 2010 have confirmed again that people trust building savings scheme and rely on it as an irreplaceable source of money to finance their living. You can read more in our yearbook.
Vitejte na www.acss.cz
We are your adviser in the world of building savings.
The Association of Czech Building Societies in the Czech Republic (ACSS) comprises five building savings banks. It was founded on June 29, 2000, with the aim of supporting the joint interests of the building savings banks operating in the Czech Republic. It thus continued a long-term informal co-operation among the financial institutions.
You can get more information about the ACSS here.
NOT TO OMIT
ACSS advises: Home-building savings contracts signed in 2003 remain in full force and effect regardless of the expiration of the five-year saving phase. You can read more here.