Mortgage loans grew 6.80% yoy in the last 12 months and were up 1.13% qoq in the last quarter. At the end of September, mortgages formed 40.8% of total loans and 23.5% of GDP. Consumer loans increased 1.40% qoq (up 5.72% yoy) and represented 11.4% of total bank loans while corporate loans grew 4.65% qoq and were up 7.90% yoy to CZK 1,278 bil (or 31.4% of loans).
Overall, CSOB was the largest mortgage lender with 30.4% of the market followed by Ceska Sporitelna (with a 23.1% share ) and Hypotecni Banka (22.5%). Looking at the last 12 months, Air Bank gained the most in market share - 32.3 bp to 0.845% - compared to Raiffeisenbank Czech Republic's 28.7 bp (to 7.61%) and Modra Pyramida Stavebni Sporitelna's 16.0 bp (a market share of 5.10%).
The combined trio of largest banks held 74.7% of outstanding mortgage loans in September 2022.