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CRIF: Total debt of citizens grew to CZK 2.09tn

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In Q3 2017, the total debt of inhabitants of the Czech Republic grew by CZK 172.9bn on the year to CZK 2.09tn. The rise is to be attributed to a higher volume of housing loans (+9.9%; +CZK 149bn). The total debt connected with mortgages and construction saving loans amounted to CZK 1.66tn. The volume of consumer credit increased 5.9% to CZK 430bn, according to figures provided by CRIF – Czech Credit Bureau on the basis of data from the Banking and Non-banking Register of Client Information. The amount of debt at risk due to outstanding payments fell by 14% to CZK 39.9bn.

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