Consumer lending in the Czech Republic showed a mixed but broadly positive performance in 2024. While total gross lending increased in current value terms, growth was considerably lower than in 2023.
Digitalisation continued to play an increasingly influential role across consumer lending in the Czech Republic in 2024. The most visible manifestation of this trend remained the rise of neobanks and other types of fintechs that operate exclusively online.
Given the larger sums involved and the longer repayment terms, mortgages/housing was among the consumer lending categories in the Czech Republic that profited most from the sustained reduction of interest rates in 2024. While its results in terms of current value growth in gross lending and the outstanding balance were skewed somewhat by rapidly rising house prices, demand was also buoyed by the fact that it has recently become easier to obtain mortgages following the decision of the Czech National Bank to remove the debt-service to-income (DSTI) threshold of 45% for this type of loan in June 2023.
Buy now pay later (BNPL) services continued to gain popularity in the Czech Republic in 2024. Having initially been pioneered by local players such as Twisto and Skip Pay, consumer awareness of this type of lending has risen significantly since the entry of Swedish giant Klarna in 2022.
The outlook for consumer lending in the Czech Republic over the forecast period is favourable, with total gross lending and the overall outstanding balance projected to increase steadily in current value terms. The demand for and supply of all types of loans look set to remain buoyant due to low interest rates, stable inflation, robust GDP growth and other positive economic indicators.
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Understand the latest market trends and future growth opportunities for the Consumer Lending industry in Czech Republic with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
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Consumer Lending
Aggregate of Consumer Credit and Mortgages/Housing. Gross Lending: The total value of loans advanced by institutions in a given year; data refers to single year only. Outstanding Balance: The collective amount owed by borrowers at the end of a given year; data refers to the cumulative impact of debt.
See all of our definitionsThis report originates from Passport, our Consumer Lending research and analysis database.
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