Prague, Feb 11 (CTK) – Czech building societies granted Kc5.3bn worth of loans in January, up 11 percent year on year, and the number of new contracts jumped up by 38 percent to some 42,500, according to data from all five building societies active on the Czech market.
In the whole of last year, building societies provided loans for Kc59.6bn, an 18 percent yr/yr growth, but the number of new contracts dropped by roughly a tenth to around 426,500.
The Association of Czech Building Societies estimates that building societies may sign around 500,000 new contracts this year. As for loans, it expects a similar demand as last year, that is around Kc60bn.
Building societies provide loans using their own resources, that is client deposits, while mortgage banks mostly borrow money to provide loans to clients.
Volume of loans granted in Jan 2018:
|
building society |
loans (Kc mil.) |
yr/yr change (pct) |
contracts – total (in thous.) |
|
CMSS |
1,657 |
– 23 |
1,357 |
|
SSCS |
1,143 |
111 |
564 |
|
Modra pyramida |
1,254 |
– 12 |
540 |
|
Raiffeisen stavebni sporitelna |
1,099 |
9 |
560 |
|
Wustenrot |
139 |
32 |
382 |
|
TOTAL |
5,292 |
11 |
3,403 |
Number of granted loans and signed contracts in Jan 2018:
|
building society |
new contracts 2018 |
target amount 2018 (Kc mil.) |
new contracts 2017 |
target amount 2017 (Kc mil.) |
number of loans 2018 |
number of loans 2017 |
|
CMSS |
18,076 |
6,834 |
10,112 |
4,487 |
1,859 |
2,607 |
|
SSCS |
8,332 |
2,762 |
6,193 |
1,576 |
1,160 |
850 |
|
Modra pyramida |
7,189 |
3,313 |
6,719 |
2,058 |
987 |
948 |
|
Raiffeisen stavebni sporitelna |
6,255 |
3,033 |
4,760 |
1,978 |
1,063 |
793 |
|
Wustenrot |
2,608 |
758 |
2,986 |
876 |
348 |
289 |
|
TOTAL |
42,460 |
16,700 |
30,770 |
10,975 |
5,417 |
5,487 |
Source: building societies