Czech household debt up at Kc1,118bn in Dec - CNB

Debts of companies rose by Kc46.6bn on the year to Kc951.8bn and month-on-month they fell by Kc10.67bn.

One-day household deposits at banks and financial institutions posted a month-on-month rise of Kc9.9bn to Kc1,057bn. Year-on-year increase reached Kc72.6bn.

Households' deposits redeemable at notice, among them time deposits, for instance, in December decreased by more than Kc16bn to Kc340.4bn on the year, while in a month-on-month comparison they were Kc9.28bn higher.

The growth of the M2 money supply slowed in December to 4.9 percent from November´s 5.1 percent.

The central bank makes public the statistics as part of its monthly monetary survey, based on balances from monetary financial institutions which include the central bank, commercial banks, money-market funds and credit unions.

Author: ČTK
www.ctk.cz