Czech household debt exceeds two trillion crowns

Czech household debt has for the first time in history exceeded two trillion crowns. The debt burden in the first quarter of 2017 increased by 162 billion crowns compared to the same period last year, according to data released by the Banking and Non-banking credit register on Tuesday. Housing loans increased by almost 10 percent year-on-year to 1.6 trillion crowns, which is nearly 80 percent of the overall household debt.

Author: Ruth Fraňková