The face value of issued mortgage-backed bonds grew 3.1% y/y to EUR 3.6bn at the end of January, while the total value of sold mortgage bonds fell 0.4% y/y to EUR 3.33bn. The total face value of sold mortgage bonds covered 81.75% of the outstanding principal of mortgage loans, down by 3.32pps compared to the same period last year.
Housing loans advanced 0.5% on the month to EUR 13.36bn. On an annual basis, housing loans rose 10.7% in January, following a 10.6% increase in the previous month.
Slovenska Sporitelna (SLSP) kept its leading position on the local housing loan market with a share of 27.25%, followed by VUB with 21.04%. Third came Tatra Banka with 13.43%, closely followed by building society Prva Stavebna Sporitelna with 13.03%. The group of the top five banks, which is completed by CSOB bank with a 10.46% share, controls more than 85% of the housing loans market.
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