Consumer cooperative ANO Spořitelní Družstvo extended loans totalling CZK 198m in Q1 2016, up more than 300% y/y. ANO’s board of directors chairman Petr Illetško has stated in an interview for ČIANEWS that the company is successfully managing the share of bad loans in the long run. Loans in default for more than 90 days dropped to 2.3% in March 2016 from 4.1% in March 2015.
Source: www.cianews.cz
