Consumers in eastern Germany once again took out more loans from savings banks in the first half of the year, especially for housing construction. In total, the savings banks in Brandenburg, Mecklenburg-Western Pomerania, Saxony-Anhalt and Saxony granted around 5.1 billion euros in loans, according to the East German Savings Banks Association.
Around half of this sum was lent for the construction of houses and apartments. This was three percent more than in the same period last year. The total amount of new loans fell by around one percent. However, demand for loans has picked up again, the association emphasized.
