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Annual report 2004

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2004 was the first year in building savings in the Czech Republic where substantial legislative changes started to apply, including less state support. It was a hard year, but the building savings banks came through with flying colors. Even though, for obvious reasons, the interest was lower in closing new building savings contracts this year, the total number of contracts signed didn?t decrease by that much. The number of loans that were applied for also continued to increase.

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