Czech banks made CZK 179.2bn in interest on their loans last year, CZK 32.5bn more than in 2017, while income from fees and commission grew CZK 1.5bn to CZK 46.1bn. “The results were influenced by solid demand for loans,” said Tomáš Pfeiler, an analyst at Cyrrus. He told Novinky.cz that record levels of demand for mortgage loans drove the loan figures. With families and companies seeing their incomes rise, payment problems are decreasing while interest rates are rising. Novinky writes that two-thirds of the CZK 55.1bn in profits for the banking sector last year were produced by the four largest banks: Česká spořitelna, ČSOB, Komerční banka a UniCredit Bank.
