Registers from 31/3/2012

According to data from bank and non-bank registers, population debt has reached the amount of 1.3 trillion CZK as of the end of March. Long-term loans (mortgage and construction loans) accounted for 939 billion CZK and short-term loans accounted for 349 billion CZK. Year on year the volume of long-term loans increased by 1.9% and short-term loans increased by 1.8%. Thus the number of long-term loans increased by 1 percentage point.
 
At the end of March 2012 there were 600,000 persons registered with long-term loans, and more than 2.5 million people with short-term loans. Year on year the number of people with long-term loans has increased by almost 56 thousand. The number of people with short-term loans has increased by 34,000.
 
The increase in loans occurs mostly among people aged 35 to 54, for both long- and short-term loans. Conversely, in persons aged 15 to 29 the volume of debt in both categories has decreased year on year.
 
Almost 15% of people aged 35 to 44 had long-term debt, and one percentage point less was reported in the category of people from 30 to 34 years old. In the category of people from 15 to 34 years old it was only 1%, and for people over 55 it was 2%. In the entire population of people over 15 years of age, 7% of people had long-term debt. 
 
28% of people over 15 years of age had short-term debt. For persons aged 35 to 44 years, however, it was 44% of people in the given age category, and 39% for persons aged 45 to 55. The lowest level of debt can be found in the youngest and oldest age groups (13% and 17%). 
 
From the total number of credit agreements binding to the unpaid loans (5.7 million), 700,000 covered long-term loans, and 5 million covered short-term loans as of the end of March 2012. There was an average of 1.1 long-term loan contracts per registered client, and 2 short-term loan contracts per client. From the total number of contracts for short-term loans almost half were personal and consumer loans.
 
Failure to make payments on the endangered long-term debt (delay of three consecutive installments and debt arrears) contributed to 1% of its volume by 3/31/2012; for short-term loans it was 8%. These proportions are quite stable over time. In long-term debts the category that is most at risk are people aged 15 to 24 and people over 55, even though their share in the long-term debt is small. In short-term debts the category that is most at risk are people aged 15 to 29, and the category that is least at risk are people over 55, even though the volume of short-term loans in their portfolio is the highest of all age groups.
 
 
Graph 1: Quarterly long-term loans
 
Source: Bank a Non-bank registers 
Graph 2: Quarterly short-term loans
 
Source: Bank a Non-bank registers
Graph 3: Structure of long-term loans by age group
 
Source: Bank a Non-bank registers
Graph 4: Structure of short-term loans by age group
Source: Bank a Non-bank registers
May, 2012