03/11/2006
03/11/2006
In particular, at the end of September 2006, borrowing by Czech families from banks and financial companies exceeded 500 billion Czech koruna – an increase of 122 billion koruna over the previous 12 months.
At the same time, awareness regarding credit information’s crucial role in verifying loan applicants’ solvency and credit rating has increased so much so that Central Group, a property development company, requires clients to provide a credit reference report before completing any real estate sales.
