Loans from building societies rise by 5 percent year-on-year


Loans provided by Czech building societies in the first two months of 2010 rose by 5 percent year-on-.year, the news agency ČTK reported on Sunday. These financial institutions lent some 8.3 billion crowns, or nearly 550 million US dollars, in January and February. Throughout 2009, interest in loans from building societies was decreasing. The surge in the first two months of 2010 was registered despite the fact that the number of contracts dropped; this was caused by higher target sums of the new contracts.