Czech household debt grew CZK 9.3bn in March to CZK 1.556 trillion, a figure that was CZK 110 trillion higher than it was a year ago, according to a new report from the Czech National Bank. Czech companies reduced their total debts in March compared to February but took out CZK 23bn in loans compared to March 2017. The biggest portion of the debt incurred by Czech households (nearly 75 percent) is connected with their homes. Consumer loans grew 0.7 percent in March to CZK 231bn while the total volume of home loans rose 0.6 percent to CZK 1.167 trillion.
