Czech building societies lending flat y/y in Jan-July 2012.

By bne IntelliNews August 9, 2012
The Czech Republic's five building societies said lending remained flat on the year edging up 0.2% to CZK 25.6bn (EUR 1bn) in the first seven months of 2012, CTK newswire reported. The number of new loans fell by 31% y/y to 329,557. CMSS was the largest building society with CZK 14.6bn worth of provided loans, up 14% y/y. Second ranked Raiffeisen Stavebni Sporitelna providing loans of CZK 4.5bn, up 14% y/y. SSCS came third boosting its lending by 25% y/y to CZK 3bn. Modra Pyramida followed with loans of CZK 2.7bn, down 47% y/y. Wuestenrot Stavebni Sporitelna saw its lending plunging by 42% on the year to CZK 835mn. In November 2011 the lower house of the parliament overrode the Senate's veto and gave the final approval to a CZK 2,000 tap on state support for home-building savings and taxing of interest on such savings.
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