January 31, 2019 / 9:21 AM / 3 months ago

Czech home loans hit record in 2018 -central bank

PRAGUE, Jan 31 (Reuters) - Czech new mortgage loan volumes and other lending associated with it grew to a record 232 billion crowns ($10.35 billion) in 2018, up from 217 billion in 2017, the central bank said on Thursday.

The central bank’s new recommendations on capping debt-to-income and debt servicing-to-income levels came into effect last October and the bank said that while lending volumes may drop, the rules were not expected to have a strong negative impact. ($1 = 22.4150 Czech crowns) (Reporting by Jason Hovet)

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