Czech banks have approved loan installment deferrals worth CZK 350m to loan clients who run into financial difficulties as a result of the coronavirus crisis. Households submitted the vast majority of the requests, but there’s a more even split in terms of the total volume of the loans involved between household and commercial loans. Roughly 15,000 requests for the deferral of corporate loans were approved, representing a value of CZK 143.5bn. The biggest portion of applications came from businesses involved in real estate, followed by companies in the industrial sector, in wholesale, retail, construction and then restaurants and accommodations. Of the nearly 300,000 requests to put off payments of household debts, banks approved 268,000 with a value of CZK 208bn, of which CZK 152bn was for mortgages and CZK 48bn was for consumer loans.
