Register data from September 30, 2013

​According to data provided by the Banking and Non-banking Client Information Registers, the population´s debt reached CZK 1.4 trillion as of September 30, 2013. Of this, long-term loans represent CZK 1.046 trillion, while short-term loans amount to CZK 356.0 billion.
 

​The total volume of loans has increased by CZK 37.4 billion on the y/y base. Long-term loans (mortgages and building savings loans) grew by CZK 35.0 billion, while short-term loans increased by CZK 2.4 billion.

A total of 2.9 million people had outstanding debts towards the end of the third quarter of 2013, of which 2.5 million had short-term debts and more than 630 thousand 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 10 thousand compared with September 30, 2012, while the number of people with a short-term debt grew by almost 25 thousand.

By the end of the third quarter of 2013, the debt per client amounted to CZK 1,6 million (long-term debts) and 140 thousand (short term-debt).The average amount per client grew in the case of long-term debts, however, declined in the case of short-term debts compares with the end of September, 2012.

In terms of age groups, almost 95 % of the CZK 35.0 billion growth in the long-term loans related to people in the 35-44 age group. On the contrary, the volume of long-term loans in the first three age groups dropped by almost CZK 13 billion compared with the end of September, 2012.

Between September 2012 and September 2013, the volume of short-term loans declined in the first three age groups, while grew in the older age groups. The biggest decline was reported in the category of people between 30-34 years of age, i.e. almost CZK 3 billion.

By the end of September, 2013, the biggest share of long-term loans was held by the 35-44 age category, i.e. 45 %. Almost one quarter of the long-term loans 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 the similar proportion for the number of clients per age group.

Of the total CZK 356 billion of short-term loans, almost one third was held by the 35-44 age category, followed by more than one quarter held by people in the 45-54 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 the third quarter, the Banking and Non-baking Registers reported almost 5.6 million active loan contracts. Of these, almost 4.9 million were contracts for short-term loans. The number of long-term loan contracts increased compared to the same quarter of 2012, while it decreased in the case of short-term loan contracts. The average value per contract was CZK 1.5 million for long-term loans and slightly more than CZK 72 thousand for short-term loans. Compared to with the third quarter of 2012, the number of credit lines in the two registers was lower by 11 thousand.

The volume of long-term loans at risk of default (where the client has failed to pay installments over a period of three consecutive months) reached CKZ 18.3 billion by the end of the third quarter of 2013. The biggest part of this, i.e. 39 % 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.

At the end of the third quarter of 2013, the volume of short-term loans at risk of default reached CZK 31.1 billion, i.e. much more than it the case of long-term loans.  Almost a third of this volume is again held by people aged between 35-44, 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 youngest age categories was 23 % of the total debt at risk. 

Distribution of long and short-term loans, by age categories (as of September 30, 2013)



Source: Banking and Non-banking Client Information Registers

Distribution of long and short-term loans at risk, by age categories (as of September 30, 2013)



Source: Banking and Non-banking Client Information Registers