Czech banking sector assets up 3.7% in Dec 2012.

By bne IntelliNews February 1, 2013
The aggregate assets of Czech commercial banks grew by 3.7% on the year to CZK 4.778tn (EUR 186.4bn) in December 2012, central bank data showed. The annual growth eased from 3.8% in November which was the slowest since August 2011. The banking assets accounted for 134% of the full-year GDP forecast, according to IntelliNews calculations. Annual lending growth slightly accelerated to 2.4% in December from Novembers two-year low of 2.2%. The value of loans reached CZK 2.36tn, or by 0.3% higher than end-November. Loans to residents were 1.9% higher on the year at CZK 2.148tn as of end-December. Loans to companies edged 0.9% higher on the year to CZK 835.5bn in December, above Novembers annual expansion of 0.1%. Lending to households reached CZK 1.132tn at end-December, expanding at by 3.4% on the year, following a 3.6% rise in the previous month.

Czech banking sector assets up 3.7% in Dec 2012.

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