Financial corporations engaged in lending (financial leasing, hire purchase, consumer credit, factoring, forfaiting)
Commentary on the aggregated sectoral balance sheet as of 30 September 2018
Financial corporations engaged in lending had total assets of CZK 416.6 billion as of 30 September 2018, down by CZK 5.5 billion in quarter-on-quarter terms. Compared to 2017 Q3, total assets increased by CZK 14.5 billion (or 3.6%) year on year.
The largest asset item was loans provided, totalling CZK 310.4 billion, of which CZK 299.9 billion was provided to residents. Compared to the previous quarter, total loans provided dropped by CZK 6.1 billion in 2018 Q3. In year-on-year terms, loans recorded an increase of 3.7% (CZK 11.2 billion).
The largest part of loans provided to residents consisted of loans to non-financial corporations amounting to CZK 234.7 billion, i.e. 78.3% of loans to residents. Loans provided to non-financial corporations were down by CZK 6.2 billion compared to the previous quarter. In year-on-year terms, they rose by CZK 10.8 billion.
The second largest category of loans to residents consisted of loans to households, totalling CZK 62.3 billion. They were down by CZK 0.3 billion compared to the previous quarter. These loans accounted for 20.8% of loans provided to residents.
Balance sheet total - breakdown by asset items
Balance sheet total - breakdown by type of intermediaries
- 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.