The total amount of mortgages increased by 17% y/y to total CZK 23.2 bn in the first eight months. KB's Vseobecna stavebni sporitelna showed the highest growth rate of 46% y/y and the value of provided mortgages totalled CZK 4.5 bn. Loans provided by building societies are on the rise, but on the other hand the number of new contracts is on the decline this year due to lower state subsidies (CZK 3,000 from the previous 4,500). Neutral.
Tomáš Gatěk, Patria Finance