Households continue to repay loans in August

Music

DO NOT USE, TOO SMALL

Hungarian households borrowed moderately in forints from domestic banks and repaid them far more in forex-denominated loans in August, as they have every month since April, new figures from the National Bank of Hungary (MNB) show.

Net forint-based borrowing totaled HUF 6.9 billion (€23.2 million) and repayment of forex-denominated loans totaled HUF 29.3 billion (€98.5 million), resulting in net repayment of HUF 22.4 billion.

Households have steadily been net borrowers since the autumn of 2009.

Including minor evaluation changes, household deposits fell HUF 110 billion in August to HUF 7,033.6 billion at the end of the month. They were down HUF 501.5 billion annually. Household deposits fell HUF 32 billion below household loans for the first time since May 2012.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.