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Raiffeisenbank: Volume of mortgages grows by 20%

Raiffeisenbank extended over 8,300 mortgages to individual clients in 2015. This represents a growth by 14% y/y. The volume of such loans increased by 20% to CZK 16.7bn. The average amount of a mortgage exceeded the threshold of CZK 2m. A total of 32% of clients concluded a mortgage with a purpose to buy a property. One third of the loans were intended for refinancing.