Register data from 31 December 2012
The total volume of loans has increased by CZK 67.2 billion. Long-term and short-term debt grew at different rates. While long-term debt (mortgages and building savings loans) grew by CZK 56.0 billion (i.e. 6 %), short-term debt grew by only CZK 11.1 billion (i.e. 3 %).
A total of 2.9 million people over 14 years had outstanding debts towards the end of 2012, of which 2.5 million had short-term debts and 628,654 had long-term debts. Some clients had both long-term and short-term debts. The number of clients with long-term debts grew by over 70,000 compared with the end of 2011, while the number of people with a short-term debt grew by 43,000 only.
By the end of 2012, the debt per client amounted to CZK 1.6 million (long-term debts) and almost CZK 140,000 (short-term debts). The average amount per client grew in the case of short-term debts, however, declined in the case of long-term debts compared with 2011.
In terms of age groups, almost 73 % of the CZK 56.0 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 4.3 billion compared with 2011.
Between December 2011 and December 2012, the overall growth in the volume of short-term loans of CZK 11.1 billion was generated in the most part by the older age categories (increase of CZK 13.7 billion). In the three younger age categories, the volume of short-term loans declined (by CZK 2.6 billion in total). The biggest decline was reported in the oldest of these three categories, i.e. 30-34 years.
By the end of 2012, the biggest share of long-term loans was held by the 35-44 age category, i.e. 44%. Almost 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 354 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 45-54 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 2012, the Banking and Non-banking Registers reported more than 5.7 million active loan contracts. Of these, almost 5 million were contracts for short-term loans. The number of both long-term and short-term loan contracts increased compared with the previous year. The average value per contract was CZK 1.4 million for long-term loans and slightly more than CZK 71,000 for short-term loans. Compared with 2011, the number of credit lines in the register was higher by almost 272,000.
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 16.4 billion by the end of 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 2012, the volume of short-term loans at risk of default reached CZK 29.3 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 3% 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 25% of the total debt at risk.
Distribution of long-term and short-term loans, by age category
Source: Banking and Non-banking Client Information Registers