Banks are recording high demand for consumer loans in the run-up to Christmas. Ceska sporitelna said it expects the volume of such loans to rise by about 25% y-o-y and to reach at least CZK 4bn this year. Komercni banka expects pre-Christmas loans to rise 20% y-o-y. The news is positive for banks as these types of loans carry a high spread.
Emilia Zampieri, Patria Finance