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No. 6: If you don’t give it to me you’ll only lend it to someone else and look where that got us

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Skip Navigation LinksHome :: Markets/asset classes :: Banking :: SLSP bank’s housing loan portfolio rises by 50% y/y at end-H1.

Wednesday, July 23, 2008

SLSP bank’s housing loan portfolio rises by 50% y/y at end-H1.





SLSP bank’s housing loan portfolio rises by 50% y/y at end-H1. Housing loans, disbursed by Slovenska Sporitelna (SLSP), amounted to SKK 9.4bn at the end of H1, SLSP finance department director Michaela Trojcakova disclosed. This represented a solid expansion of around 50% y/y. Subsidized mortgage loans to young people partially accounted for the increase, rising two-fold y/y but still, had a relatively low share of 10.6% in the total housing borrowing. At the same time, new consumer loans dropped slightly by 1.7% y/y to SKK 5.7bn at the end of the period. Total volume of disbursed loans stood at SKK 78.8bn at end-H1, rising by 22% y/y. Its growth was driven mainly by housing loans, which expanded by 37% y/y and formed the larger 57.1% share of the total portfolio. Trojcakova noted that the increase in demand for consumer loans was expected to pick up as well in H2 with the holiday seasons. SLSP is the largest bank in Slovakia in terms of total asset volume. It is fully owned by Austrian Erste Bank.







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