Household debt up by 13 billion crowns in September

Figures released by the Czech National Bank on Thursday showed that household debt in the Czech Republic stood at 662 billion CZK (33.1 billion USD) at the end of September this year. This amount was up nearly 13 billion CZK on the previous month. The head of the bank, Zdenek Tuma, reacted by saying that such a rapid growth in household debt was not sustainable, but that, for the time being, there was 'no significant risk' posed by the rate of household debt.