Czech household debt to banks rises by CZK 26.5 billion to CZK 2.72 trillion in June

Czech household debt to banks increased by CZK 26.5 billion month on month to CZK 2.72 trillion in June. The volume of loans to non-financial corporations rose by around CZK 38 billion to CZK 1.62 trillion, according to preliminary data published today by the Czech National Bank. Household debt to banks has been rising continuously since February 2016. The only exception was April 2022, when it declined month on month. According to the central bank, this was due to the withdrawal of the banking licence of the Czech branch of Russia's Sberbank. Housing loans accounted for the majority of household debt, representing 77% of the total in June.