Slovak banks recorded increases in both deposits and loans in March, with private sector deposits going up by 4.9 percent year-on-year and credit up 7.3 percent. It was driven mainly by real estate and consumer loans, according to an analysis by the Slovak Central Bank (NBS). "This development predominantly reflects the current state of the real economy, where revenues and export performance are on the rise," read the analysis. Central bank's analysts expect that the demand for loans will stabilise in the near future due to more stringent rules for taking out loans promoted by banks in the second quarter of this year.
Anca Dragu, Photo: SITA
