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Slovak Households Draw Lowest Volume of Consumer Loans
Tuesday 30 March 2010 Zoom in | Print page
Bratislava, March 30 (TASR) - Slovak households took out significantly fewer consumer loans in 2009 than people in other European countries, according to a Barometer survey published by Cetelem (France/Germany) at a press conference in Bratislava on Tuesday.
The survey analysed the consumer loan market in Slovakia, the Czech Republic, Hungary, Italy, Spain, Portugal, Germany and France.
According to the survey, an average consumer loan in monitored countries amounted to €4,552, whereas it was only €437 in Slovakia. "The global crisis has had a profound impact on the financial sector all over the world, with the volume of loans provided decreasing year-on-year by 2.2 percent in the monitored countries. The drop, however, was even more significant in Slovakia - by 9 percent," said Cetelem director of corporate communications Pascal Roussarie.
Italy saw the biggest drop (10.4 percent), whereas the highest demand for consumer loans took place in Hungary, where the number of loans went up y-o-y by 8.4 percent.
Germans drew the highest loans from all the European countries, on average €5,659 per household, followed by Spain and Portugal with average €5,526 and €5,514 loans, respectively. Germany also had the largest share on the European loan market - more than 40 percent. France ranked second on 24.6 percent and Spain third on 16.8 percent.
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