Slovakias mortgage lending grows 6% y/y in July 2012.

By bne IntelliNews September 4, 2012
The total value of provided mortgage loans in Slovakia grew 6% y/y to EUR 6.24bn as of end-July 2012, slowing down from an annual growth of 6.3% in June, data from the central bank showed. On a monthly basis, the value of mortgage loans edged 0.4% higher in July. The face value of issued mortgage-backed bonds edged 0.2% down y/y to EUR 3.58bn at the end of July, and the total value of sold mortgage bonds fell 1% y/y to EUR 3.47bn. The total face value of sold mortgage bonds covered 87.05% of the outstanding principal of mortgage loans, down by 204 basis points compared to the same period last year. Housing loans advanced 1% on the month to EUR 12.62bn. On an annual basis, housing loans rose 9.6% in July, following a 9.7% increase in the previous month. Slovenska Sporitelna (SLSP) kept its leading position on the local housing loan market with a share of 26.35%, followed by VUB with 21.88%. Third came Tatra Banka with 13.89%, closely followed by building society Prva Stavebna Sporitelna with 13.51%.
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