Register data from June 30, 2014

​According to data provided by the Banking and Non-banking Client Information Registers, the population´s debt reached CZK 1.5 trillion as of June 30, 2014. Of this, long-term loans represent CZK 1.2 trillion, while short-term loans amount to CZK 364.4 billion. The total volume of loans has increased by CZK 126.4 billion on the y/y base. Long-term loans (mortgages and building savings loans) grew by CZK 112.0 billion, while short-term loans increased by CZK 14.4 billion.
 

​A total of 2.9 million people had outstanding debts towards the end of the first quarter of 2014, of which 2.5 million had short-term debts and 770 thousand had long-term debts. 371 thousand clients had both long-term and short term debts. The number of clients with long-term debts grew by almost 133 thousand compared with June 30, 2013, and the number of people with a short-term debt grew by more than 16 thousand.

By the end of the second quarter of 2014, the debt per client amounted to CZK 1,5 million (long-term debts) and 145 thousand (short term-debt).The average amount per client grew in the case of short-term debts, however, declined in the case of long-term debts compares with the end of June, 2013.

In terms of age groups, 57 % of the CZK 112.0 billion growth in the long-term loans related to people in the 35-44 age group. The volume of long-term loans in the first three age groups increased by CZK 12.8 billion only compared with the end of June, 2013.

Between June 2013 and June 2014, the volume of short-term loans grew in all age groups, except the age group 30 – 34 years. The biggest growth was reported in the category of people between 30-34 years of age, i.e. CZK 5.1 billion.

By the end of June, 2014, the biggest share of long-term loans was held by the 35-44 age category, i.e. 46 %. 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 364.4 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 second quarter 2014, the Banking and Non-baking Registers reported almost 5.7 million active loan contracts. Of these, almost 4.8 million were contracts for short-term loans. The number of long-term loan contracts increased compared to the same quarter of 2013, while it decreased in the case of short-term loan contracts. The average value per contract was CZK 1.4 million for long-term loans and almost CZK 73 thousand for short-term loans. Compared to with the first quarter of 2013, the number of credit lines in the two registers was higher by 144 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 18.8 billion by the end of the first quarter of 2014. The biggest part of this, i.e. 40 % 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 second quarter of 2014, the volume of short-term loans at risk of default reached CZK 34.1 billion, i.e. much more than it he 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 2 % 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 26 % of the total debt at risk. 

Distribution of long-term and short-term loans, by age categories (as of June 30, 2014)  



Source: Banking and Non-banking Client Information Registers

Distribution of long-term and short-term loans at risk, by age categories (as of June 30, 2014) 



Source: Banking and Non-banking Client Information Registers