Transport safe box, bank safe, Czech banknotes, money, koruna – illustration photo.
Prague – Stavební spořitelny provided loans for 2.1 billion crowns in January. Compared to the previous year, this means a decrease of 75.6 percent. On the contrary, interest in new construction savings contracts, which were concluded by over 50,000 clients, increased by 15.6 percent year-on-year. The target amount of new contracts increased by 64 percent to 28.8 billion crowns. This follows from the data of all five domestic savings banks available to ČTK.
Last year, building societies provided loans for 56.7 billion crowns, which represented a fifty percent decrease compared to the values of the record year 2021 and a return to the long-term average before 2020. The Association of Czech Building Societies (AČSS) stated that the year-on-year decrease in the volume of loans was greater, than she expected at the beginning of the year, but pointed out that the volume of mortgage loans fell by even 80 percent last year.
For this year, the AČSS expects an increase in the volume of loans provided by ten percent. According to her, for the development of the number of new building savings contracts, it will be important how the government approaches the proposal of the National Economic Council of the Government (NERV) to limit or abolish state support for building savings.
The Ministry of Finance is currently considering the abolition or limitation of state aid building savings support. It should be one of the measures for the consolidation of public finances, which are in a deep structural deficit. In the three quarters of last year, the state paid out 4.3 billion crowns to support building savings.
According to building societies, the abolition of state support would lead to a loss of motivation to put money into the building society system, which would limit the availability of loans for the reconstruction of houses and apartments. Building savings banks provide loans from their own resources, i.e. from deposits of clients who save.
Volume of loans provided in January 2023:
|sporitelna||loans volume (in million CZK)||year-on-year change (in pct.)||total contracts (in thousands)||ČSOB Stavební sporitelna||390||-79.9||1185|
|Raiffeisen building society||500||-72.1||609||Moneta building society||95||-52.5||391|
Number of granted loans and newly concluded contracts in January 2023:
|savings bank||new contracts 2023||target amount 2023 (in million CZK)||new contracts 2022||target amount 2022 (in million CZK)||number of loans granted 2022|
|ČSOB Stavební sporitelna||12,860||6442||13,592||5363||602||1100|
|Raiffeisen building society||8983||12280||5872||3709||631||951|
|Moneta building society||9961< /td>||3261||4151||1391||121||198|
Source: Stavební sp sharpening