Building saving products in low demand

ČSOB Stavebná sporiteľňa, a building saving bank, will not sign new building savings contracts as of July 1; instead, the ČSOB group will only offer traditional housing loans. It will honor all existing contracts. Wüstenrot SS withdrew from the building savings market last year. Following tighter state subsidy conditions since 2019, only Prvá SS remains on the less lucrative market, and it is also starting to provide mortgages. At the end of April, housing loans amounted to €38.3bn, with building saving banks managing €2.3bn of the total.

(trend.sk)