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Building societies loans a third lower in Jan to April
News » Building societies loans a third lower in Jan to April
Prague, May 15 (CTK) – Czech building societies granted Kc13bn worth of loans in Jan to April this year, down by more than a third yr/yr, according to data from the building societies.
Interest in new home-building savings contracts increased slightly on the year but three out of five building societies reported a drop.
Building societies signed over 309,000 new contracts, up 15,000 yr/yr.
The total target amount of new contracts reached Kc75bn, against Kc90bn in Jan to April last year.
The Constitutional Court cancelled austerity measures in home-building savings at end-April. Finance Minister Miroslav Kalousek, however, submitted a similar bill to the government on Wednesday
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.