Czech Banking Association

Czech National Bank Eases Mortgage Rules, Abolishing DSTI Limit for Applicants

by

On Thursday, the Banking Council of the Czech National Bank (ČNB) eased the rules for granting mortgages. From July, it will no longer require applicants to meet the limit of debt repayments to net monthly income (DSTI). Other rules remain in effect. Experts agree that the move will revive the mortgage market only slightly. According … Read more

Online fraudsters also used the Vinted platform. Inattentive users are robbed of hundreds of thousands by trick

by

After faking the services of carriers or social networks, Internet fraudsters also targeted scattered users of fashion bazaars, such as the Vinted platform. They are able to steal up to hundreds of thousands of crowns within a few clicks. Similar tricks by thieves are not new in the online world, but according to experts, their … Read more

Moneta will lay off hundreds of people by the summer. Other banks are moving employees

by

The tax on extraordinary profits, or the war tax, applies to the largest banks and energy companies. The government of Petr Fiala (ODS) promises up to 120 billion kroner in addition to this year’s budget. However, Moneta complains that because of the tax, he will have to radically limit investment plans and also get rid … Read more

Czechs are losing interest in their own homes due to the high cost. They are waiting for better times in their rentals

by

High inflation is changing the Czech real estate market. Property prices have started to fall after years, but there is a shortage of buyers. Fewer and fewer people are applying for mortgages, because they are already too expensive and interest rates are the highest in the last 20 years. According to data from the Hypomonitor … Read more

Inflation rose by almost ten percent in January. See how they increase pensions

by

Inflation in the Czech Republic accelerated to 9.9 percent year on year in January from 6.6 percent in December. Year-on-year consumer price inflation was the highest since July 1998, when it stood at 10.4 percent. Inflation is so high that there will be an extraordinary valorisation of pensions, averaging CZK 1,015. The increase is intended … Read more

After nine years, the Czech National Bank will resume the sale of part of the income from foreign exchange reserves – ČT24 – Czech Television

by

“Starting in January 2022, the CNB will gradually sell part of the income from foreign exchange reserves on the foreign exchange market. The transactions will be carried out in such a way that their effect on the exchange rate is minimal, “said the bank. According to the central bank, the resumption of the sale is … Read more

Mortgage massacre under both. A meta of three hundred billion crowns has fallen, banks are pushing interest at four percent

by

“As interest rates rise slowly, the numbers and volumes of loans provided are declining at the same rate. However, it is still true that these declining numbers are record-breaking compared to last year’s values, “said Jiří Sýkora, mortgage analyst at Fincentrum & Swiss Life Select. Although the mortgage market slowed down compared to August, the … Read more