CREDIT TO HOUSEHOLDS. WHAT IMPACTS THE GROWTH IN SLOVAKIA?

Financial institutions have a special role in the economy. Monetary financial institutions take part on realizing monetary policy and provide economic subjects with necessary finances. Majority of credits are granted to households from banking institutions. Therefore the objective of this paper is to identify determinants of household credits in Slovakia. The credits to households are positively influenced by disposable income and negatively by unemployment rate, real interest rate and earnings from property.