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Building savings in 2009

Press center » Annual reports » Building savings in 2009

In the last few years we have got used to record results of building savings. Also in 2009 we can find some indicators that are historically the highest although there are not so many of them as usual. Thanks to the system, actually, which is based on long-term savings, the Czech loan market noticeably differed in the housing sector from countries depending only on mortgage crediting. The Czech Republic sailed through the real estate crisis without any major problems.

The state budget expenditure on building savings has been constantly decreasing since 2005. In 2009, the state paid out the clients of building savings banks 13,262 billion CZK, which was by 6,7% less than in the previous year. It was the biggest decrease of the paid out state support in the whole period of existence of building savings.

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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.