Slovakias mortgage lending grows 7.3% y/y in 2011.

By bne IntelliNews February 2, 2012
The total value of provided mortgage loans in Slovakia grew 7.3% y/y to EUR 6bn as of end-2011, data from the central bank showed. On a monthly basis, the value of mortgage loans advanced 0.5% in December. The face value of issued mortgage-backed bonds edged 1.7% lower m/m to EUR 3.46bn at the end of December. The total face value of sold mortgage bonds covered 86.56% of the outstanding principal of mortgage loans, down by 190 basis points from the previous month. Housing loans climbed 0.9% on the month to EUR 12bn. On an annual basis, housing loans rose 13.6%. Slovenska Sporitelna (SLSP) kept its leading position on the local housing loan market with a share of 26.02%, followed by VUB with 22.1%, the building society Prva Stavebna Sporitelna with 13.88% and Tatra Banka with 13.67%.

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