Loans increased by 2.69% qoq to CZK 4,064 bil during the third quarter of 2022. This implies an annual growth rate of 7.60% in the last 12 months. In the last decade, bank loans have grown by 5.65% a year on average.
Mortgage loans grew 6.80% yoy in the last 12 months and were up 1.13% qoq in the last quarter. At the end of September, mortgages formed 40.8% of total loans. Consumer loans increased 1.40% qoq (up 5.72% yoy) and represented 11.4% of total bank loans while corporate loans grew 4.65% qoq and were up 7.90% yoy to CZK 1,278 bil (or 31.4% of loans).
The comparison of 5 Czech banks shows Stavebni Sporitelna Ceske Sporitelny has grown the fastest in relative terms within the last quarter (2.53%% qoq), followed by Raiffeisen Stavebni Sporitelna and CSOB. In absolute terms, however, CSOB grabbed the largest piece of the pie when compared to the previous quarter (CZK 13,215 mil or 12.4% of the market net increase) followed by Stavebni Sporitelna Ceske Sporitelny and Raiffeisen Stavebni Sporitelna.
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