Czech Banking Sector to Sharpen Lending Conditions

Business › n.a. ♦ Published: October 23, 2012; 18:56 ♦ (Vindobona)

For corporate and housing loans, lending conditions were tightened in the third quarter of 2012.

Czech Banking Sector to Sharpen Lending Conditions / Picture: © Vindobona.org

According to the Czech National Bank, lending conditions become less attractive for businesses and real estate owners. By contrast, the conditions remain stable for consumer loans. This is due to the overall economic situation and the growing uncertainty. The Czech National Bank (CNB) says that banks tend to ask for higher collaterals. What is more, the interest margin is…

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