The current macroeconomic environment in the Czech Republic is creating prerequisites for rapid growth of loans, Czech National Bank’s governor Vladimír Tomšík has stated. According to Mr. Tomšík, exceptionally low interest rates motivate the banks to offer more loans with softer conditions. The total value of banking loans extended to the private sector grew almost 6% y/y in 2015. The growth rate of loans extended to households and non-financial companies in the Czech Republic was among the four highest in European comparison.
