Average cost of funding grew to 3.41% in the third quarter of 2022, down 2.79 bp when compared to the same period of last year. Banks paid on average 2.80% on outstanding corporate deposits (up 0.638 bp) and 1.52% on household deposits (up 0.422 bp).
Current account deposits represented 75.9% of the total when compared to 84.6% a year ago.
With regard to the 19 banks below, Fio banka has been operating with the lowest cost of funding in the third quarter of 2022 (0.767% on total liabilities), followed by UniCredit Bank Czecho-Slovakia (1.32%) and Moneta Stavebni Sporitelna (1.75%). At the other end of the spectrum was Komercni Banka with 5.53% and CSOB with 4.51%.
In terms of momentum, Komercni Banka's cost of funds increased the most in the last 12 months, from 1.03% to from 5.53%, followed by CSOB (up by 3.80 bp) and Trinity Bank (up 3.73 bp).