Czech household debt on the rise

Czech household debt is on the rise with the overall sum owned to banks reaching 1.321 billion crowns at the end of November, according to statistics released by the Czech National Bank on Thursday. The debts of Czech households to banks grew by 6.3 billion month on month and by 90 billion year on year. Housing loans traditionally make up the biggest part of household debts. The debts of businesses decreased slightly dropping by 247 million month on month to 1.127 billion crowns.