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ČS extended mortgages totalling CZK 40.5bn in 9M 2016

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The bank Česká Spořitelna (ČS) extended 20,307 mortgages totalling CZK 40.5bn in 9M 2016, up 11% y/y and the highest total in ČS’ history. The spokesperson for ČS, Kristýna Havligerová, has told ČIANEWS that the average mortgage grew to CZK 1.9m from CZK 1.7m in 2016. Five-year fixations were most popular in recent years, but this year ČS registered higher demand for longer eight- and ten-year fixations.


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