Czech corporate bankruptcies hit highest level since 2016

In the Czech Republic, corporate bankruptcies reached their highest level since 2016 during the first nine months of 2026, with 618 companies filing for bankruptcy—a 7% year-on-year increase. Prague accounted for nearly half of these cases, with 284 filings. The transport and warehousing sector recorded the highest bankruptcy rate relative to the number of registered companies.

In the banking sector, interest rates for fixed-term deposits in the Czech Republic continued to rise through October, with maximum rates reaching 4.33% p.a. Leading providers include Moneta Money Bank, mBank, and Banka Creditas. Meanwhile, discussions regarding mortgage rate regulation persist, noting that countries like France and Croatia already utilize interest rate caps.

In Slovakia, Slovenská sporiteľňa announced it is lowering mortgage rates for certain clients. Starting October 20, the bank is offering three-year fixed rates starting from 4.09% for standard clients and 3.99% for applicants under 35, provided they meet specific insurance requirements. This move contrasts with broader European trends where central bank rate hikes have pressured mortgage costs.