TNBiz (TNBiz)
Markets  |  July 13, 2012 14:45:06

CBA: The volume of loans in May increased by 5.7%

PRAGUE (MEDIAFAX) - The total volume of client loans in bank portfolios increased by the end of May up by 5.7 percent to a record 2.3301 trillion crowns. On Friday, having informed the Czech Banking Association (CBA).

"Despite the slight slowdown in the economy keeps growing volume of loans to non-financial corporations (+3.9%), banks are still supporting the domestic economy. Also increase lending to households (+4.4%) there is a major share of housing loans (yoy by almost 6.1%), "approached the current situation in the credit market, Jan Matousek, Deputy Executive Director of the Czech Banking Association.

For the period January to May was in 2012 compared to 2011 provided 4.8 percent more new koruna loans to enterprises.The volume of new overdrafts, revolving credit and receivables of cards grew by only 0.6 percent, while the volume of other new loans increased by 25.1 percent.

The same comparison for new loans to households shows that the volume of new loans rose by 0.9 percent. Again, the main contributor to the new loans for house purchase (+9.3%).

For households fell in May the average interest rates in virtually all segments of loans for consumption by eight basis points (to 14.14%) and loans for house purchase by four basis points to 3.97 percent.

Average interest rates on loans to households went down in virtually all segments. For new loans to enterprises increased interest slightly (to 3.30% from 3.27% in April 2012), with average growth rates in the segment of other loans above 30 million.The average rate is still significantly lower than in May 2011.

The volume of loans in default is essentially stabilized below 140 billion crowns (31 2012 was the fifth volume of 138.2 billion dollars) and their share is below the limit of six-percent (5.93%). The share of loans in default and is essentially stable and at lower levels than in many Western European countries.

The volume of "monitored" loans slightly decreased (93.8 billion), as their share (4.0%).

The improvement is mainly in the segment of non-financial corporations, where the share of non-performing loans fell to 7.86 percent and the share of classified loans to 13.35 percent. Conversely, the share of loans in default population increased slightly from January to the May to 5.17 percent.

Some improvement was observed in loans to residents (down 2.95% share), according to CBA, however, may still be a one-time blip.

Filip Sušanka,

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