Slovakias mortgage lending grows 7.3% y/y in Jan 2012.

By bne IntelliNews March 5, 2012
The total value of provided mortgage loans in Slovakia grew 7.3% y/y to EUR 6.05bn as of end-January 2012, data from the central bank showed. On a monthly basis, the value of mortgage loans edged 0.3% higher in January. The face value of issued mortgage-backed bonds inched up 0.8% m/m to EUR 3.49bn at the end of January. The total face value of sold mortgage bonds covered 85.07% of the outstanding principal of mortgage loans, up by 51 basis points from the previous month. Housing loans advanced 0.5% on the month to EUR 12.07bn. On an annual basis, housing loans rose 12%. Slovenska Sporitelna (SLSP) kept its leading position on the local housing loan market with a share of 26.4%, followed by VUB with 22%. On the third place, Tatra Banka managed to overcome building society Prva Stavebna Sporitelna with 13.72% versus 13.7%.
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