Commentary on the quarterly aggregated balance sheet of Financial corporations engaged in lending

(financial leasing, hire purchase, consumer credit, factoring, forfaiting)

as of 30 June 2020

Financial corporations engaged in lending had total assets of 425.1 billion as of 30 June 2020, down by CZK 11.6 billion in quarter-on-quarter terms. Compared to 2019 Q2, total assets fell by CZK 12.6 billion (or 2.9%) year on year.

The largest asset item was loans provided, amounting to CZK 321.6 billion, of which CZK 315.8 billion was provided to residents. Compared to the previous quarter, total loans provided declined by CZK 8.9 billion in 2020 Q2. In year-on-year terms, loans recorded a decrease of 2.8% (CZK 9.3 billion).  

The largest part of loans provided to residents consisted of loans to non-financial corporations amounting to CZK 248.5 billion, i.e. 78.7% of loans to residents. Compared to the previous quarter, loans to non-financial corporations fell by CZK 6.1 billion. In year-on-year terms, loans to non-financial corporations remained unchanged. 

The second largest category of loans to residents consisted of loans to households, totalling CZK 63.3 billion. They were down by CZK 1.5 billion compared to the previous quarter. These loans accounted for 20.0% of loans provided to residents.

Balance sheet total – breakdown by asset items

Balance sheet total - breakdown by asset items

Balance sheet total – breakdown by type of intermediaries

Balance sheet total - breakdown by type of intermediaries


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.