Register data from 30 June 2012

According to data provided by the Banking and Non-banking Client Information Registers, the population’s debt reached CZK 1,301 billion as of 30 June 2012. Of this, long-term loans represent CZK 951.5 billion, while short-term loans amount to CZK 349.3 billion.
 
The total volume of loans increased by CZK 55.8 billion. Long-term and short-term debt grew at different rates. While long-term debt (mortgages and building savings loans) grew by CZK 51.3 billion (i.e. 6 %), short-term debt grew by only CZK 4.5 billion (i.e. 1 %).
 
A total of 2.8 million people had outstanding debts towards the end of the first half of this year, of which 2.5 million had short-term debts and 622,000 had long-term debts. Some clients had both long-term and short-term debts. The number of clients with long-term debts grew by almost 29,000 compared with last year, while the number of people with a short-term debt grew by 12,000 only.
 
By the end of June 2012, the debt per client amounted to CZK 1.5 million (long-term debts) and CZK 144,000 (short-term debts). The average amount per client grew in both categories compared with last year.
 
In terms of age groups, almost 75 % of the CZK 51.4 billion growth in long-term loans related to people in the 35-44 age group. On the contrary, the volume of long-term loans in the first two age groups dropped by CZK 5.5 billion compared with the previous year.
 
Between June 2011 and June 2012, the overall growth in volume of short-term loans of CZK 4.5 billion was generated in the most part by the oldest age category (increase of CZK 5.2 billion). In the two younger age categories the volume of short-term loans also increased (by CZK 4.5 billion in total). The three youngest age categories of clients registered a decrease in the volume of short-term loans over the last year (decrease of CZK 5.4 billion in total). The biggest decline was reported in the oldest of these three categories, i.e. 30-34 years.
 
By the end of June 2012, the biggest share of long-term loans was held by the 35-44 age category, i.e. 43%. One quarter of the long-term debt was held by people between 30 and 34 years of age. On the other hand, the share of the youngest age group was only 1% and that of the oldest age group 4%. We get similar proportions for the number of clients per age group.
 
Of the total CZK 349 billion of short-term loans, almost one third was held by the 35-44 age category, followed by more than a quarter held by people in the 45-55 age category. The oldest age group is in third place, with less than a fifth of the total volume of short-term loans. 
 
At the end of June this year, the Banking and Non-banking Registers reported more than 5.6 million active loan contracts. Of these, almost 5 million were contracts for short-term loans. The number of both long-term and short-term loans increased compared with the previous year. The average value per contract was CZK 1.3 million for long-term loans and less than CZK 71,000 for short-term loans. Compared with the same period last year, the number of credit lines in the register was higher by almost 150,000.
 
The volume of long-term loans at risk of default (where the client has failed to pay instalments over a period of three consecutive months) reached CZK 15.2 billion by the end of June 2012. The biggest part of this, i.e. 38%, fell into the 35-44 age category. However, this age category also has the highest share of long-term debts. The lowest share was held by the youngest age group, i.e. people between 15 and 24 years of age.
 
As of the end of June 2012, the volume of short-term loans at risk of default reached CZK 28.7 billion, i.e. almost double the volume of long-term loans. Almost a third of this volume is held by people aged between 35 and 44, followed by the 45-54 age category. Only 4% of the total overdue amount was held by the youngest age group. The volume of debt at risk in the three younger age categories was 26% of the total debt at risk. 
 
Long-term loans, by calendar quarters
 

Source: Banking and Non-banking client information register
 
Short-term loans, by calendar quarters
 

Source: Banking and Non-banking client information register
 
Distribution of long-term loans, by age category (as of 30 June 2012)
 

Source: Banking and Non-banking client information register
 
Distribution of short-term loans, by age category (as of 30 June 2012)
 

Source: Banking and Non-banking client information register
September, 2012