Commentary on the quarterly aggregated balance sheet of Financial corporations engaged in lending
(financial leasing, hire purchase, consumer credit, factoring, forfaiting)
as of 31 December 2023
Financial corporations engaged in lending had total assets of CZK 485.4 billion as of 31/12/2023, up by CZK 16.7 billion in quarter-on-quarter terms. Compared to 2022 Q4, total assets increased by CZK 44.5 billion (or 10.1%) year on year.
The largest asset item was loans provided, amounting to CZK 385.5 billion, of which CZK 379.7 billion was provided to residents. Compared to the previous quarter, total loans provided rose by CZK 13.1 billion in 2023 Q4. In year-on-year terms, they increased by CZK 36.4 billion.
The largest part of loans provided to residents consisted of loans to non-financial corporations amounting to CZK 307.6 billion, i.e. 81.0% of total loans to residents. Compared to the previous quarter, loans to non-financial corporations grew by CZK 12.4 billion. In year-on-year terms, they increased by CZK 34.1 billion.
The second largest category of loans to residents consisted of loans to households, totalling CZK 68.6 billion. These loans accounted for 18.1% 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 providing credit or loans or entering into agreements of a similar nature, e.g. financial leasing, factoring, consumer credit, hire purchase financing, etc.