Czech banks' net interest margin declined by 0.124 bp to 1.70% of total assets in the second quarter of 2023 driven by a positive asset growth (3.72% yoy) and higher cost of funding. Asset yield grew by 1.35 bp to 5.64% and cost of funding increased by 1.59 bp to 4.25%.
J&T banka, Air bank and PPF banka were operating with the highest net interest margin of around 3.0% in the last twelve months thanks mainly to relatively higher asset yield.
Czech banks charged on average 2.94% on mortgage loans (compared to 5.23% on new mortgages), interest on consumer loans reached 8.57% (vs. 9.51% on new) and corporate loans were priced at 7.40% (compared to 9.51%) in the second quarter of 2023.
Helgi Library 
