Household debt climbs higher

Czech household debt climbed to 993 billion crowns in March of this year, up by 87 billion against February, the Czech National Bank reported on Friday. Meanwhile, the debts of businesses decreased by 7.2 billion on the month and 88 billion on the year to 900 billion crowns. Financial experts say the figures reflect the current state of the economy and unemployment rate. An increasing number of Czechs are proving incapable of re-paying their household debts and banks are now more cautious in granting loans.