Czech household debt rises to 648 billion CZK

Czech household debt rose in the month of August to 648 billion Czech crowns or 33 billion US dollars according to figures released by the Czech National Bank. The amount owed by Czech households to banks and financial institutions therefore rose by16 billion crowns (approx. 820 million US dollars) in comparison with the previous month and by 157 million crowns compared with the same period in 2006.