Commentary on the quarterly aggregated balance sheet of Financial corporations engaged in lending
(financial leasing, hire purchase, consumer credit, factoring, forfaiting)
as of 31 March 2024
Financial corporations engaged in lending had total assets of CZK 483.7 billion as of 31 March 2024, up by CZK 0.6 billion in quarter-on-quarter terms. Compared to 2023 Q1, total assets increased by CZK 33.2 billion (or 7.4%) year on year.
The largest asset item was loans provided, amounting to CZK 386.4 billion, of which CZK 379.8 billion was provided to residents. Compared to the previous quarter, total loans provided rose by CZK 1.0 billion in 2024 Q1. In year-on-year terms, they increased by CZK 29.2 billion.
The largest part of loans provided to residents consisted of loans to non-financial corporations amounting to CZK 306.4 billion, i.e. 80.7% of total loans to residents. Compared to the previous quarter, loans to non-financial corporations fell by CZK 0.7 billion. In year-on-year terms, they increased by CZK 24.9 billion.
The second largest category of loans to residents consisted of loans to households, totalling CZK 69.7 billion. These loans accounted for 18.4% of loans granted to residents.
Balance sheet total – breakdown by asset items
Source: ARAD data series system
Balance sheet total – breakdown by type of intermediaries
Source: ARAD data series system
Note:
- Under Decree No. 314/2013 Coll., financial corporations engaged in lending are companies whose main or major business activity involves granting credit or loans or entering into agreements of a similar nature, for example financial leasing, factoring, consumer credit, hire purchase financing, etc.