Výročná správa PSS, a. s., za rok 2009 [3 - Prvá stavebná sporiteľňa

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The year 2009 carried with it signs of the impact
of the global economic crisis. An exception wasn‘t
even the Slovak Republic, which had to come
to terms with this economic problem, as did all
European countries. Macro economic tenden-
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of the crisis, after long term of economic
growth there was a bold decrease of gross domestic
product of -5.7%. In 2009 almost 900
companies were closed and a number of others
had large scale lay offs. The level of unemployment
in 2009 increased by 32% compared to
last year, which meant that up to the end of the
year, Slovakia had almost 380,000 unemployed
people in their productive years.
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The corporate mission of Prva Stavebna Sporitelna,
a.s.(PSS a.s.) is in the long term increasing of
the standard of living in Slovakia, so that it gra-
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as one of the cornerstones of social needs, it is
an important concept which encompasses safety,
health and happiness for the future.
Basic information
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with its corporate domicile in Bratislava on
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by its incorporation, at the registrar of companies
on October 15, 1992. The company started
its operations on November 16, 1992. It has
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board of directors and a supervisory board.
For the year 2009 the board of directors was
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the Slovak Republic and Erste Group Bank AG,
Austria; performing in the Chairman position),
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Vienna, Austria; performing as a member of the
board of directors) and Dipl. Ing. Erich Feix (on
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Germany; performing as a member of
the board of directors).
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After a multi year term of continual growth
of the economy and home construction, 2009
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brought a number of economic events e.g. bankruptcies,
restructuring and reductions in almost
all economic sectors, growth of unemployment
– which had an effect on overall weakening of
the global economy, and the Slovak economy.
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a lower interest in investments and loans, including
mortgages, by the public.
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we can conclude that for the term of 1992 to
2009 (up to 30.9.2009) investments for housing
within the Slovak Republic were together €14.33
billion, whereby from this amount 39.7% came
from PSS a.s. and the remaining 60.3% came
from other sources, other building savings institutions,
commercial mortgage banks and the
state fund for development of housing.
For the stated term of 1992 to 2009 (up to
30.9.2009) building and saving institutions for
the purpose of housing lent altogether €7.64
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a.s. had the largest stake which represented
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offering building and savings loans, and in a larger
context showed it is a leader amongst other
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In the area of Building and savings loans for private
individuals in the year 2009, meant 210,682
new contracts for building savings loans, with
a total amount of €1.86 billion and average target
amount of €8,803. The number of building
savings customers to the end of 2009 reached
819,109, whereas their deposits amounted to
€1.6 billion. At the same time, PSS a.s. executed
19,029 termination of contracts bound for
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PSS a.s. up to December 31, 2009 executed
913,370 contracts for building savings (for
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volume of €11.4 billion. In the area of loans,
in 2009, PSS a.s. for its clients (individual clients)
approved 4,761 building loans in the amount of
€36.05 million and 11,409 bridge loans in the
amount of €190.91 million. In total, PSS a.s.
gave individual clients for the year 2009, for housing/apartment
needs €298 million, the largest
part of these resources was almost €176.6 mil-
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