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Raiffeisenbank extended 1,600 mortgages worth CZK 3.2bn

Raiffeisenbank extended almost 1,600 mortgages worth CZK 3.2bn to its clients in Q1 2015, up 18% for the no. of extended loans and 22% for the total financial value. The average mortgage exceeded CZK 2m. Product manager Jan Bureš has stated that almost half of the mortgages are arranged with five-year fixation terms. The share of three-year fixations dropped to 28.5% and the share of variable interest rates decreased to 3.5%.