Register data from December 31, 2014

​According to data provided by the Banking and Non-banking Client Information Registers, the population´s debt reached CZK 1.7 trillion as of December 31, 2014. Of this, long-term loans represent CZK 1.354 trillion, out of which mortgage loans reached CZK 1,061 trillion, while short-term loans amount to CZK 370.1 billion. The total volume of mortgage loans grew by CZK 52.3 billion on the y/y base, while short-term loans increased by CZK 12.1 billion.
 

​A total of 3.1 million people had outstanding debts towards the end of the last quarter of 2014, of which 2 million had short-term debts and 607 thousand had long-term debts. More than 500 thousands clients had both long-term and short term debts. The number of clients with mortgages grew by almost 43 thousand compared with December 31, 2013, while the number of people with a short-term debt declined by slightly more than 51 thousand.

By the end of the last quarter of 2014, the debt per client amounted to CZK 2.0 million (mortgages) and 149 thousand (short term-debt).The average amount per client declined in the case of mortgages and grew in the case of short-term debts compares with the end of December, 2013.

In terms of age groups, more than 71 % of the CZK 52.3 billion growth in mortgages related to people in the 35-44 age group. On the contrary, the volume of mortgages in the first three age groups dropped by almost CZK almost 5 billion compared with the end of December, 2013.

Between December 2013 and December 2014, the volume of short-term loans declined in the age group 30-34 years of age, while grew in all other age groups. The biggest growth was reported in the category of people between 45-54 years of age, i.e. CZK 4.9 billion.

By the end of December, 2014, the biggest share of mortgages was held by the 35-44 age category, i.e. 47 %. More than one fifth of mortgages 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 370 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 almost a fifth of the total volume of short-term loans.

At the end of the last quarter 2014, the Banking and Non-baking Registers reported almost 6 million active loan contracts. Of these, almost 4.7 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 million for long-term loans and CZK 79 thousand for short-term loans. Compared to the last quarter of 2013, the number of credit lines in the two registers was increased by 231 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 18.9 billion by the end of the last 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 last quarter of 2014, the volume of short-term loans at risk of default reached CZK 32.9 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 21 % of the total debt at risk. 

Distribution of mortgage loans and short-term loans, by age categories (as of December 31, 2014)



Source: Banking and Non-banking Client Information Registers

 

Distribution of mortgage loans at risk and short-term loans at risk, by age categories (as of December 31, 2014)

 


Source: Banking and Non-banking Client Information Registers