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Building Savings in 2017

Yearbook for 2017 is available in two languages (EN, CZ) here.

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New Chairmen and Deputies

Jan Jeníček was elected by Presidium at its meeting as the new Chairman of the Association. Jiří Plíšek became the first Vice-Chairman and David Formánek became another Deputy. The complete structure of the Association organs can be viewed in the appropriate section.

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Statistical data for the 2016 published

You can find some actual statistical data of Czech bauspar system in the year 2016 at the appropriate section. There are some time series under the same link as well.

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Loan volumes grow by 22% in 2015 - more than last five years

According to the Czech News Agency, building savings banks provided loans last year totaling almost 49 billion Czech crowns. The reasons for the increase include strong client loyalty and interest rates that are historically at their lowest levels.

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Top building savings executives in Prague once again

Top executives from the European Federation of Building Societies are meeting in Prague to discuss problems affecting building savings loan products. The EFBS advocates the interests of more than 41 million European building savings clients, whom together have more than 200 billion euros deposited in building savings accounts. Building savings banks have loans on record amounting to 152 billion euros.

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Czech building savings banks lend 700 billion CZK

Nearly every fourth property in the Czech Republic has been improved thanks to building savings. A total of 2.2 million loans have been provided by building savings banks, 46% of which were used to finance remodeling and modernization projects.

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Building societies provide loans worth Kc641bn in 20 years

Building societies in the Czech Republic have provided loans for over Kc641bn in the twenty years they are active on the Czech market. People have at the moment Kc422bn in savings in all five building societies active on the Czech market. This represents 16 percent of all household savings.

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The Czech bausparkassen lended 2% more in the first six months

Prague, Aug 16 (CTK) - The building saving banks provided loans worth 22,5 billion CZK (875 million EUR) during the first six months which is an annual increase of two percent. However, the demand for new building saving contract and increase of the final sum has lowered according to data available to the Czech Press Agency.

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Amendment to Building Savings Law

After the 2010 general election, a coalition government was formed which included building saving in its reform plans. The first step was to reduce the state subsidy for all clients.

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Own housing is one of the best old-age security options, says Vojtěch Lukáš, chairman of the Czech Association of Building Savings Banks

Interview with Vojtěch Lukáš, chairman of the Czech Association of Building Savings Banks, here.

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Czech building societies see lending, contract numbers fall

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.

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A stable product under strong pressure last year

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.

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Concept of building savings still unknown

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.

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Building Savings in 2010 - Yearbook

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.

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Irreplaceable role confirmed

(Bankovnictví) - The financial crisis has shown that building savings not only benefits individuals but also the government. That is to say, it works in a countercyclical fashion, and when looking at the real data, it is clear that building savings had sustained the housing loan market at an acceptable level.

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Building Savings in 2009 - Yearbook

The Association now publishes a regular publication that summarizes developments in the sector last year. Did you know that the building savings showed in comparison to the other credit products significantly more resistant to fluctuations in the economy? You can read more in our yearbook.

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Vojtěch Lukáš ACSS Chairman Again

The next two years to lead the Association of Czech Building Saving Societies Vojtěch Lukáš, who is also a member of Stavební spořitelna České spořitelny. Defended its position in the elections, which were the first in April.

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Czech building societies` lending 11 pct lower in 2009

Prague, Jan 21 (CTK) - Czech building societies provided Kc66.4bn worth of loans last year, which is a year-on-year decrease of over 11 percent, according to the building societies` results which CTK has at its disposal. Interest in new home-building savings contracts also weakened last year.

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Building Saving and "Green for Efficiency" Subsidy Program Can Go Together!

Ten billion crowns for this year and fifteen billion for next year are allocated in the "Green for Efficiency" subsidy program for environmental investments, thermal insulation, installation of solar panels, and replacement of water boilers. We spoke to Michal Uryc from the State Environment Fund and asked him whether the subsidy can be combined with building saving.

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Parliament Fails to Approve Use of Building Savings to Pay Tuition

The Lower House failed to pass a draft law that would allow money from building saving to be used to finance tuition at high schools and universities. The Lower House was two votes short to outvote a previous rejection of the law by the Senate.

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Czech Republic Remains Second Most Successful Country in Building Saving

Prague/Brussels, 29 April 2009 - The Czech Republic remains the second most successful country as regards the number of building saving contracts. According to data from the European Association of Building Saving Banks (EuBV), Germany comes first with 30.5 million building saving contracts, followed by the Czech Republic whose five building saving banks have signed more than five million contracts, and Austria just behind with some 35 thousand fewer contracts.

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ACSS Advises: Home-Building Savings Contracts Not Expiring

ACSS advises: Home-building savings contracts remain in full force and effect regardless of the expiration of the minimal saving phase period. All contracts are still valid, and clients can still continue to save if they have the space available within their contract amount. They can also request a loan, either a bridging loan, or a building savings loan.

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CLIENTS OF BUSINESS SAVINGS BANKS WON´T BE AFFECTED BY THE CRISIS

Despite the current crisis, savings that clients have with building savings banks are safe. Building savings is one of the safest ways to save which isn´t dependent on the developments in the rest of the market. This is also due to the fact that there is state support provided to building savings banks which is one of the reasons that building savings loan interest rates are amongst the lowest long term. Building savings also contributes to the overall immunity of the domestic economy to negative effects from foreign markets. More information can be found in the response by Vojtěch Lukáš, the Chairman of ACCS.

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