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Building Savings in 2017
Press center » Annual reports » Building Savings in 2017
Loans have remained favourable even though interest rates in the market have slightly risen in the 2017.
- Building savings banks signed 72 710 new contracts for a total value of 55.3 billion CZK. The average loan increased (by 143 000 CZK) to almost 761 000 CZK.
- At year's end, building savings banks were overseeing 359 billion CZK of their clients' savings, which is 16% of all Czech household savings in the banking sector.
- The number of new signed contracts in 2017 was 426 446 and the average amount of savings was almost 112 000 CZK.
- There are enough resources for further lending and the system is lending effectively. At year's end, 68.5% of deposits had been lent out.
Files:
- Building Savings in 2017 - English version [PDF]
- Stavební spoĝení v roce 2017 - Czech version [PDF]
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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.
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ACSS advises: contracts remain in full force and effect regardless of the expiration of the minimal saving phase period. You can read more here.