Client savings in coop integration reach HUF 1.889 tln
Client assets managed by Hungaryʼs savings cooperatives, together with those held by TakarékBank and FHB Bank, rose about 5% to HUF 1.889 trillion last year, TakarékBank said today, as reported by Hungarian news agency MTI.
The stock of client deposits fell 2% to HUF 1.485 tln, but clientsʼ savings in government securities jumped 46% to HUF 293 billion. The stock of investment fund units increased 26% to HUF 111 bln.
The number of securities accounts at the group climbed 21% to 92,600.
TakarékBank acts as the "central bank" for Hungaryʼs integrated savings cooperatives. FHB is a member of the coop integration.
ADVERTISEMENT
Number of Liquidations Increasing Rapidly
Varga Meets With Chinese Business Leaders
Hungary Tops out HUF 300bn Munitions Complex
Around 2,800 Events Take Place in European Capital of Cultur...
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.
