Register data from June 30, 2015
According to data provided by the Banking and Non-banking Client Information Registers, the population´s debt reached CZK 1.7 trillion as of June 30, 2015. Of this, long-term loans represent CZK 1.4 trillion, out of which mortgage loans reached CZK 1.1 trillion, while short-term loans amount to CZK 365.4 billion.
The total volume of mortgage loans has increased by CZK 54.3 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 7.3 billion.
A total of 3 million people had outstanding debts towards the end of the second quarter of 2015, of which 1.9 million had short-term debts and 607 thousand had long-term debts. 504 thousand clients had both long-term and short term debts. The number of clients with mortgage loans grew by almost 44 thousand compared with June 30, 2014, and the number of people with a short-term debt grew by more than 78 thousand.
By the end of the second quarter of 2015, the debt per client amounted to CZK 1,2 million (long-term debts) and 154 thousand (short term-debt).The average amount per client grew in the case of short-term debts, however, declined in the case of mortgage loans compares with the end of June, 2014.
In terms of age groups, 42 % of the CZK 10.4 billion growth in the mortgage loans related to people in the 35-44 age group. The volume of mortgage loans in the first three age groups increased by CZK 4.2 billion only compared with the end of June, 2014.
Between June 2014 and June 2015, 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 45-54 years of age, i.e. CZK 3.2 billion.
By the end of June, 2015, the biggest share of mortgage loans was held by the 35-44 age category, i.e. 47 %. One fifth of the mortgage loans were 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 372.6 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 a fifth of the total volume of short-term loans.
At the end of the second quarter 2015, the Banking and Non-banking Registers reported almost 5.8 million active loan contracts. Of these, almost 4.5 million were contracts for short-term loans. The number of mortgage loan contracts increased compared to the same quarter of 2014, while it decreased in the case of short-term loan contracts. The average value per contract was CZK 1.0 million for long-term loans and almost CZK 83 thousand for short-term loans. Compared to with the second quarter of 2014, the number of credit lines in the two registers was higher by 139 thousand.
The volume of mortgage loans at risk of default (where the client has failed to pay installments over a period of three consecutive months) reached CKZ 13.8 billion by the end of the second quarter of 2015. 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 2015, the volume of short-term loans at risk of default reached CZK 32.6 billion, i.e. much more than it he case of mortgage 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 mortgage loans and short-term loans, by age categories (as of June 30, 2015)