Czech banking assets up 6.1% in Nov 2011.

By bne IntelliNews January 3, 2012
The aggregate assets of Czech banks increased by 6.1% y/y to CZK 4.6tn (EUR 180bn) as of end-November 2011, data from the central bank showed. The annual growth in assets was well below the 12% expansion registered in October. In monthly terms, the assets edged up 0.4%. Loans to residents were the predominant asset item, accounting for CZK 2.735tn of the total. Deposits of residents, which are the most important item among banking sector liabilities, totalled CZK 3.105tn as of end-November. Growth in bank loans to resident households, which has been slowing over the last two years, stood at 0.5% m/m in November. Some 70% of the loans to households were for the purchase of house. Regarding loans to non-financial corporations, the highest share of them was long-term credits. The share of non-performing loans increased to 8.1% of all loans provided to this economic sector from 4% three years ago. Forty-four banks and foreign bank branches were operating in the Czech Republic in November 2011.
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