Economics

Gross domestic product 2.1 % yoy Consumer price inflation (inflation) 1.9 % yoy Industrial production 1.5 % yoy Gross domestic product development 2.1 % yoy Wage dynamics 7.4 % yoy nominal Monthly consumer price inflation (inflation) 2.5 % yoy total Monthly economic activity 0.9 %yoy (03-2026) Unemployment 4.91 % (03-2026) Trust indicators 4.8 % yoy

March industrial performance remained weak, but construction holds up thanks to building starts The CNB's new outlook for higher rates "only" translated into hawkish communication April inflation accelerated by fuel, but also due to core price pressures The Czech economy slowed in Q2. Household purchasing power remains hopeful The CNB's hawkish wait-and-see will continue in May, but this does not hold for markets

Banking sector

Banking sector assets 11 919.00 CZK billion Number of employees 38 187 Number of banks by size 43 (total) Bank profits in the economy 128.96 CZK billion Profitability of the banking sector 1.13 % profit on assets Capital adequacy and the role of profit in it 23.19 % Interest income and expense 45.05 billion CZK Interest income in bank profits 176.74 billion CZK Net interest income 1.57 % of assets

Banking statistics for March 2026 Market forces in mortgage rates: the rise in market interest rates has only partially been reflected in mortgage rates. Strong competition in the market is helping. Banking statistics for February 2026 Loans are mainly driven by mortgages, which is why the CNB left the countercyclical reserve at 1.25%, but with the risk of an increase Banking statistics for January 2026

Loans and deposits

Loans and deposits

Credit dynamics 8.3 % yoy Deposit dynamics 5.6 % yoy Proportion of bad (non-performing) loans 1.5 % New loans in the economy 145 billion CZK New loans in the economy in detail 77 billion CZK Interest rates on new loans 4.5 %

Banking statistics for March 2026 Market forces in mortgage rates: the rise in market interest rates has only partially been reflected in mortgage rates. Strong competition in the market is helping. Fiscal policy keeps all options open for CNB interest rate movements Is the unchanged CNB interest rate at 3.50% a sign of the coming bonanza or the calm before the storm? CNB tightens conditions for investment mortgages: 9% impact or necessary redistribution of demand?

CBA Hypomonitor

CBA Hypomonitor

Number and volume of new mortgages granted with refinancing and increase 30 thousand; ytd Number and volume of new mortgages granted without refinancing and increases 21 thousand; ytd Average interest rate on new mortgages 4.43 % Average size of a new mortgage 4.81 miles. CZK Illustrative average monthly mortgage payment 25 561 CZK Mortgage lending volumes for the whole year 398 billion CZK

CBA Hypomonitor: March continued with a temporary boom in mortgages, thanks to a lower rate of 4.43%. Market forces in mortgage rates: the rise in market interest rates has only partially been reflected in mortgage rates. Strong competition in the market is helping. CBA Hypomonitor: February continued with a temporary boom in mortgages, at a rate of 4.46%. CBA Hypomonitor: the beginning of 2026 brought strong mortgage volume CBA Hypomonitor: the volume of new mortgages rose to CZK 321 billion last year. And is the second strongest in history

Real estate prices

Real estate prices

Development of real estate offer prices 12.9 % yoy Development of realised prices of older flats 16.0 % yoy Development of realised prices of flats in Prague, %yoy 11.3 % yoy Prices of new and new-build flats and number of transactions 9.6 % yoy Prices of older flats and number of transactions 15.7 % yoy Prices of flats and houses 11.3 % yoy Prices of new and new flats by region 137.2 thous. CZK per m2 Prices of older flats by regional cities 75.3 thous. CZK per m2 House prices by regional towns 6.16 (price per house in CZK million)

Strong pace of growth in supply prices of flats also at the beginning of 2026 Stronger household incomes outpaced house price growth for six quarters House prices up 12 percent last year, rental housing up 10 percent in some regions House prices have maintained 10% momentum, which is not the case for disposable income Higher house prices spark richer debate over central bank macroprudential policy than first appears

CBA Forecast

CBA forecast: gross domestic product 2.6 % yoy CBA forecast: consumer prices (inflation) 1.7 % yoy CBA forecast: average wage 5.8 % yoy CBA forecast: unemployment 4.6 % CBA forecast: CNB interest rate 3.50 % CBA forecast: exchange rate against the euro 24.1 CZK/euro

CBA Macroeconomic Forecast 1Q26 (Part 2): interview with economist Pavel Sobíšek CBA Macroeconomic Forecast 1Q26 (Part 1): interview with economist Jan Vejmělek MACROECONOMIC FORECAST OF THE CZECH REPUBLIC 1Q 26 CBA Macroeconomic Forecast 4Q25 (Part 2): interview with economist David Havrlant CBA Macroeconomic Forecast 4Q25 (Part 1): interview with economist Petr Gapek

CBA Hypomonitor
Number and volume of new mortgages granted without refinancing and increases

Number and volume of new mortgages granted without refinancing and increases

21 thousand; ytd

Number this year

97 CZK billion; ytd

Volume this year

CBA Commentary

In March, banks and building societies actually granted new mortgage loans worth CZK 40.3 billion. After seasonal adjustment, the March figures for new mortgages rose (to around CZK 35.8 billion compared to CZK 33 billion in the previous three months) and thus reached a level around 48% higher than in the first half of last year. Year-to-date, the total is CZK 97 billion, or CZK 30 billion more than a year ago.

Number and volume of new mortgages granted without refinancing and increases

CBA Monitor

You can hide a data set by clicking on the data set name in the chart legend.

Source of primary data

CBA Hypomonitor

Category

CBA Hypomonitor

Data frequency

Monthly

Note

Only new loans, excluding refinanced and increased loans.
A more detailed breakdown of the CBA Hypomonitor data is available in its monthly data supplement, see: https://www.cbamonitor.cz/publicistika/soubory/cba-hypomonitor-data

Related Charts

Number and volume of new mortgages granted with refinancing and increase
New loans in the economy in detail
Average interest rate on new mortgages

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Comments

CBA Hypomonitor: March continued with a temporary boom in mortgages, thanks to a lower rate of 4.43%.

CBA Hypomonitor: March continued with a temporary boom in mortgages, thanks to a lower rate of 4.43%.

16. 04. 2026

The average amount of a new mortgage exceeded CZK 4.8 million

CBA Hypomonitor: February continued with a temporary boom in mortgages, at a rate of 4.46%.

CBA Hypomonitor: February continued with a temporary boom in mortgages, at a rate of 4.46%.

Jaromír Šindel 13. 03. 2026

February ranked among the five strongest mortgage months ever in terms of volume in billions of crowns, but also with a continued strong number of new mortgage originations.

CNB tightens conditions for investment mortgages: 9% impact or necessary redistribution of demand?

CNB tightens conditions for investment mortgages: 9% impact or necessary redistribution of demand?

27. 11. 2025

Comment by Jaromír Šindel, Chief Economist of the CBA: The Central Bank, through stricter requirements in the form of recommendations for investment mortgages, has decided to make a modest effort to correct mortgage demand on the real estate market, which remains very tight in terms of prices, mainly due to the supply side - see the drop in building permits.

CBA Hypomonitor: April stabilized strong mortgage rates at 4.65%

CBA Hypomonitor: April stabilized strong mortgage rates at 4.65%

16. 05. 2025

Despite the slight correction, April continued to see strong volumes of new mortgages supported by another slight decline in the average mortgage rate to 4.65%.

CBA Hypomonitor: Spring mortgage boom with a slight drop in interest rates

CBA Hypomonitor: Spring mortgage boom with a slight drop in interest rates

14. 04. 2025

March continued to see strong new mortgage volumes supported by another slight fall in the average rate to 4.68%

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