Debts of Czech households to banks in September rose by CZK 19.6 billion month-on-month to almost CZK 2 trillion. Corporate debt rose by 27.4 billion to 1.2 trillion crowns. Year-on-year, household debts were CZK 166.2 billion higher at the end of September, and corporate debts rose by CZK 21.3 billion. This follows from data released by the Czech National Bank (CNB) on Friday.
Household debts have been growing since February 2016. They exceeded one trillion crowns in May 2010, in September 2017 their volume exceeded 1.5 trillion.
At the end of September this year, households had debts on housing loans worth 1.551 trillion crowns, an increase of 1.1 percent month on month. According to the CNB, consumer loans increased by 0.7 percent compared to August, reaching 276 billion crowns.
Corporate debt, in contrast to household debt, fluctuates. Last year, it rose month-on-month in January, March and April, and then from August to October. It has been declining in other months. This year, the indebtedness of companies has been growing every month so far, the decline occurred only in June.
Of the loans granted to non-financial corporations, long-term loans account for the largest share when broken down by original maturity. In September, their volume reached 654 billion crowns, which is 55 percent of the total volume of loans provided to this sector, the bank said.
The central bank publishes statistics every month. It is derived from the balance sheets of monetary financial institutions, which include, in addition to the central bank, commercial banks and branches of foreign banks in the Czech Republic, also money market funds, credit unions and savings cooperatives.
Source: Tyden.cz by www.tyden.cz.
*The article has been translated based on the content of Tyden.cz by www.tyden.cz. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!