Financial corporations engaged in lending (financial leasing, hire purchase, consumer credit, factoring, forfaiting)

Commentary on the aggregated sectoral balance sheet as of 31 December 2018

Financial corporations engaged in lending had total assets of CZK 426.5 billion as of 31 December 2018, up by CZK 9.9 billion in quarter-on-quarter terms. Compared to the end of 2017, total assets increased by CZK 14.6 billion (or 3.5%) year on year.

The largest asset item was loans provided, totalling CZK 318.6 billion, of which CZK 307.2 billion was provided to residents. Compared to the previous quarter, total loans provided rose by CZK 8.2 billion in 2018 Q4. In year-on-year terms, loans recorded an increase of 4.0% (CZK 12.4 billion).

The largest part of loans provided to residents consisted of loans to non-financial corporations amounting to CZK 243.4 billion, i.e. 79.2% of loans to residents. Loans provided to non-financial corporations were up by CZK 8.7 billion compared to the previous quarter. In year-on-year terms, they rose by CZK 13.2 billion.

The second largest category of loans to residents consisted of loans to households, totalling CZK 62.2 billion. They were down by CZK 0.2 billion compared to the previous quarter. These loans accounted for 20.2% 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.