Banking Statistics for July 2026

Households

Consumer Loans

The total volume of consumer loans (excluding overdrafts and credit card balances) once again exceeded the 400-billion-crown mark in July, with the balance reaching 405.178 billion CZK—a month-over-month increase of 1.15% following June’s 1.3% rise. The increased demand, with impressive year-over-year growth of 15%, significantly outpaces the growth rate of both nominal wages and consumer demand. This is a sign of confidence in borrowers’ ability to repay their loans—a confidence shared by banks—and, as the statistics on non-performing loans indicate, Czechs have good reason to be confident: July, at 3.80%, continues a streak of months in which the share of non-performing consumer loans has remained below 4%, which is a very good figure for unsecured consumer loans. By comparison, in neighboring Poland, the rate is half as high.

Housing

According to preliminary data from the Czech Banking Association’s (CBA) Hypomonitor, banks and building societies actually provided new mortgages totaling 30.1 billion crowns in June, which is again slightly less month-over-month, but we are apparently witnessing the tail end of the pre-stockpiling related to the CNB’s tightening of rules for drawing down “investment mortgages” since April of this year. Including refinancing, the monthly volume totaled 40.4 billion crowns, compared to 48.9 billion crowns in June, and according to Hypomonitor, cumulative unconsolidated production—including refinancing—since the beginning of the year stands at 334 billion CZK, representing a 50% increase compared to January through July of last year.

The average interest rate on new mortgages rose further in July to 4.9% from 4.79% in June, 4.67% in May, 4.52% in April, and 4.43% in March. This is primarily due to the rise in benchmark market interest rates (for three- and five-year interest rate swaps); interestingly, the three-year swap is currently at 4.67%, so banks, in their competitive battle for new clients as well as in their efforts to maintain market share and retain their existing customer base during refinancing, are accepting lower margins. Incidentally, the low margins relative to international standards are linked to low risk costs, as the Czech share of non-performing mortgages, at 0.51%, is about one-quarter that of Poland’s.

What is declining slightly is the average mortgage amount, which stood at 4.59 million in July—300,000 crowns lower than three months earlier (4.88 million CZK in April). This decline in volume amid rising interest rates means that the stylized “average” monthly payment fell slightly from 25,841 CZK in June to 25,589 CZK a month later.

The rate hikes are particularly unwelcome for those who need to refinance mortgages taken out in the “ultra-cheap” year of 2021, when the average rate was 2.33%. Regardless of the fact that they have already paid off part of the principal over the past five years, they will pay an average of about 3,200 Kč more per month after refinancing. At least for now, Czechs are paying off their mortgages like clockwork, as the non-performing loan ratio for July remained at 0.51%, matching the record historical low reached the previous month.

For statistical reasons, we will also see historic records in the total outstanding mortgage balance of the population, which, at the current pace, will break the two-trillion-koruna mark by the end of September or in October of this year at the latest, having stood at nearly 1.945 trillion korunas at the end of July.

Non-Financial Sector Companies

Looking at the trend in corporate loan balances, we see a month-over-month increase of 0.6%, reaching 1.628 trillion crowns in July.

Year-over-year, there was a sharp increase in koruna-denominated loans of 15% to 853.3 billion CZK, while loans in euros rose by just under 10% year-over-year to a koruna equivalent of 750.5 billion CZK. However, it remains true that subsidiaries of multinational corporations, in particular, finance themselves “abroad,” often through intra-group loans, which do not appear in these statistics—which focus on banks operating domestically—but can be traced via the balance of payments.

The share of non-performing loans in the non-financial corporate sector as a whole fell to a new all-time low of 2.08%, having surpassed the previous month’s record of 2.11%. Let us reiterate that this is roughly one-third the level seen in Poland, where the adage “risk is profit” appears to hold truer than here—a higher risk appetite translates into stronger economic growth. The corporate portfolio looks even worse than in the Czech Republic in ailing Germany, where commercial real estate in particular is struggling, with 15% of loans classified as non-performing.

Furthermore, Czech companies continue to hold a high level of corporate deposits (CZK 1.667 trillion in July), and all signs indicate that, as a whole, the corporate sector is very healthy.

Trends in the Main Segments of the Credit Market (Year-over-Year, in %)

Source: CNB, CBA Monitor

Deposits

Despite a strong trend toward seeking more profitable ways to grow savings—especially among younger generations, where investments in index funds and ETFs are all the rage—conservatism persists among many middle-aged and older Czechs. As of the end of July, all residents, regardless of age, held 3.924 trillion crowns in deposit accounts, which still represents a year-over-year increase of 4.5%, but on a month-over-month basis, we have been observing a slight decline for some time now; in July, it reached 0.3%, or just under 12 billion crowns.

In checking accounts with nearly zero interest rates, Czechs and residents held an incredibly high 1.267 trillion crowns, with a trend toward a gradual decline—down by roughly 6 billion crowns compared to June, or just under half a percent. There is also a year-over-year decline here, of 0.53%.

By comparison: The net asset value of investment funds at the end of June stood at 2,284.0 billion CZK and rose by 27.9% year-over-year. Although residents’ deposits in Czech banks exceeded the 8 trillion koruna mark by 5 billion in the same month, this represented a year-over-year increase of only 4.8%. The difference in growth dynamics is therefore significant, and the trend is clear.

As for non-financial corporations, we recorded CZK 1.667 trillion in deposit accounts for July, representing a month-over-month decline of approximately 2.5%. Deposits continue to exceed loans by CZK 39 billion. Despite the dynamic recovery in demand for loans over the past year, the ratio of corporate loans to GDP remains low, and the potential for further loan growth is far from exhausted.

Deposit Trends in Major Segments (Year-Over-Year, in %)

Source: CNB, CBA Monitor

Non-performing loans in major segments (in %)

Source: CNB, CBA Monitor

Share of Non-Performing Loans in Individual EU/EEA Countries (%, March 2026)

Source: https://www.eba.europa.eu/risk-and-data-analysis/risk-analysis/risk-monitoring/risk-dashboard