Commentary on the aggregated sectoral balance sheet as of 31 December 2011

Financial corporations engaged in lending had total assets of CZK 344.7 billion as of 31 December 2011, up by CZK 1.9 billion in quarter-on-quarter terms. Compared to the same period a year earlier, total assets fell by CZK 7.6 billion.

The largest asset item was loans provided, which amounted to CZK 257.7 billion, of which CZK 251.8 billion was provided to residents. Total loans provided rose by CZK 4.1 billion (i.e. 1.6%) in 2011 Q4. In year-on-year terms, loans fell by 1.2% (CZK 3.0 billion).

The largest part of loans provided to residents consisted of loans to non-financial corporations, which amounted to CZK 173.9 billion, i.e. 69.0% of loans to residents. Loans provided to non-financial corporations were up by CZK 4.8 billion compared to the previous quarter. In year-on-year comparison, they decreased by CZK 2.8 billion (1.6%).

The second largest category of loans to residents consisted of loans to households, totalling CZK 77.4 billion. They were down by CZK 0.7 billion compared to the previous quarter. In year-on-year terms, loans provided to households fell by CZK 1.6 billion, i.e. 2.1%. Loans to households account for 30.8% of loans granted to residents.

Balance sheet total - breakdown by asset items

Balance sheet total - breakdown by type of intermediaries

Notes:

• Under Decree No. 307/2004 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.