According to the analysis CEE Banking Report from the Austrian RZB Group, Slovaks are the second thriftiest nation of all post-communist countries in the CEE region.
Slovaks have shown that they don’t like to get into debt as much as other countries, with the ratio of loans to the GDP being the lowest in the region. For instance, retail loans account for just over 20% of the GDP, while in Hungary in Poland the figure is over 30%.
Mortgage loans were on the increase before the economic crisis struck, but that slowed down the growth tendency.