Czech household deposits fell by CZK 26 billion in March

For the first time in nearly five years, there has been a decrease in Czech household bank deposits, Czech Radio’s news site iRozhlas.cz reported on Friday. March 2022 saw a CZK 26 billion month-on-month decrease in deposits. That is close to 1 percent of the total CZK 3.04 trillion crowns of Czech household money that is currently deposited in banks.

The same month also saw a decrease in savings among tradesman. Whereas in February there total bank deposits lay at CZK 167 billion, in March this number had gone down by CZK 1 billion. This is the sixth time in seven months that tradesmen deposits have fallen. Meanwhile, company deposits in banks grew from February to March by CZK 10 billion, reaching a total of CZK 1.33 billion. The data was gathered from calculations conducted by CRIF - Czech Credit Bureau, which used data from the Czech National Bank and the informaceofirmach.cz website.