Banking sector liquidity up in July


Forint liquidity of Hungaryʼs banking sector rose in July from a month earlier, which was particularly reflected in an increase in the average stock of credit institutionsʼ overnight deposits, state news wire MTI noted, citing a report by the National Bank of Hungary (MNB).

According to preliminary data, the average stock of overnight deposits rose by HUF 34.9 billion to HUF 436.5 bln.

The MNBʼs average stock of external assets was up by HUF 124.3 bln at HUF 9.481 trillion. The stock of external assets stood at HUF 9.519 tln at the end of July, up from HUF 9.397 tln at the start of the month.

Transactions decreased the stock of external assets by HUF 76.4 bln, while revaluations and other factors raised it by HUF 198.6 bln.

The increase in average stocks partly reflects a decline in average forint exchange rates in July, and the carry-over effect of the increase in stocks at the end of June. The end-of-month stocks increased primarily due to the decline in forint exchange rates.

The average stock of central government deposits was down by HUF 41.2 bln at HUF 1.653 tln in July. The stock stood at HUF 1.756 tln at the end of the month, up from HUF 1.517 tln.

In July, the MNB concluded one, three, six and 12-month transactions with credit institutions at the EUR/HUF FX swap tenders providing forint liquidity.

The average stock of currency in circulation continued to rise during the month, reaching HUF 6.233 tln by the end of July.

The monthly average of the banking sectorʼs current account balances with the MNB exceeded reserve requirements by HUF 49.2 bln. In July reserve requirements amounted to HUF 231.3 bln.

Hungary Crude Supply Secured With 'Temporary Solutions' Energy Trade

Hungary Crude Supply Secured With 'Temporary Solutions'

Hungary to Host Next EPC Summit Int’l Relations

Hungary to Host Next EPC Summit

New Tenants at Academia Offices Office Market

New Tenants at Academia Offices

Visitor Numbers, Guest Nights Climb in H1 Tourism

Visitor Numbers, Guest Nights Climb in H1


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.