Czech Republic: Household Debts Increasing

Politics ♦ Published: January 2, 2014; 10:25 ♦ (Vindobona)

Debts to banks and other financial institutes by Czech households keep on increasing, according to a report by the Czech National Bank (CNB).

Czech Republic: Household Debts Increasing / Picture: ©

In November households debts to banks increased by CZK 7.8bn on a monthly basis to a total of CZK 1,210bn as reported by the CNB on Tuesday. One-day deposits rose by CZK 2.2bn in November and by CZK 78.9bn on an annual comparison basis to CZK 1,210bn. Deposits with agreed period of notice, including time deposits, come at a total of CZK 332.39bn, which is a decrease of CZK 643m compared…