Annual growth in Czech bank deposits speeds up to 8.4% in Jan 2013.

By bne IntelliNews March 1, 2013
The value of outstanding deposits in Czech banks stood at CZK 3.214tn (EUR 125.4bn) at the end of January 2013 and their annual expansion rate accelerated to a five-month high of 8.4% thanks to faster growth in household deposits, central bank data showed. Deposits of non-financial corporations were 6% higher on the year at CZK 676.9bn as of end-January, rising at a slower pace than Decembers growth of 6.4% y/y. Household deposits increased by 3.7% on the year to CZK 1.79tn at the end of January, following a 3.4% rise in the previous month. On a monthly basis, the value of outstanding bank deposits advanced by 2.7% in January after rising by 1.6% in December. Deposits in foreign currency totalled CZK 274.9bn in January, up 8.3% from the year before.

Annual growth in Czech bank deposits speeds up to 8.4% in Jan 2013.

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