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Czech Banking Industry Reduces Lending Significantly

Published: July 22, 2013; 16:38 · (Vindobona)

According to a survey issued by the Czech National Bank, banks tightened their credit standards in all the monitored credit market segments in 2013 Q2.

Czech Banking Industry Reduces Lending Significantly / Picture: © Flickr

By contrast, the terms and conditions for approving loans were eased for corporate loans and loans for house purchase through lower margins, with the exception of riskier loans. Average margins on consumer credit increased, but banks also reduced their non-interest charges. Demand for loans rose in all credit market segments. In the case of households the growth in…

This article includes a total of 700 words.

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