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Interest in home building savings down, number of loans rising.
(From Czech News Agency)
PRAGUE, Dec 1 (CTK) - Building societies operating in the Czech market signed 1.16 million new contracts in Jan-Oct, down by 15,000 from the same period last year, Jan Patek of the Association of Czech Building Societies has told CTK.
"The development of building savings in 2002 confirms the prognoses, on the one hand by the stagnation of the number of signed home building savings contracts and on the other hand by the smooth increase in the number of provided loans," Patek said.
Number of contracts signed by building societies by end Oct
-------------------------------------------------------------
new contracts total No. of contracts
--------------------------------------------------------------
Building number target amount (in thousands)
society of contracts (in Kc bn)
-------------------------------------------------------------
CMSS 404,255 59.8 1616.6
SSCS 283,097 32.5 1045.1
VSS KB ...
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