Assets of Czech financial institutions up 6.7% in May 2012.

By bne IntelliNews July 2, 2012
The aggregate assets of Czech monetary financial institutions (MFIs) increased by 6.7% y/y to CZK 4.813n (EUR 188.5bn) as of end-May 2012, easing from a 7.2% growth in the previous month, data from the central bank showed. The data includes the assets of banks and money market funds, excluding the central bank. In monthly terms, assets rose 1%, after edging down by 0.1% in April. The assets of MFIs accounted for 132.8% of the projected full-year GDP as of end-May, according to IntelliNews calculations. External assets were 7.6% higher on the year at CZK 627bn. Loans to residents reached CZK 2.786tn as of end-May, an increase of 3.2%from the same period of 2011.

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