Banksʼ household lending stock was up HUF 51.2 billion at HUF 5.7852 trillion, according to non-adjusted data. All of the increase came from revaluations as transactions balanced each other out.
Seasonally unadjusted data show a decrease of HUF 0.2 bln in forint loans and a HUF 0.2 bln increase in foreign currency loans.
The stock of household deposits fell HUF 49.8 bln to HUF 7.3696 tln in January on net outflows of HUF 48 bln, while revaluations decreased the deposit stock by HUF 1.8 bln.
Forint deposits decreased by HUF 74.9 bln and foreign currency deposits rose HUF 26.9 bln because of transactions, but revaluations decreased FX deposits by HUF 2.1 bln.
The euro strengthened by around 0.37% against the forint between the end of December 2016 and the end of January 2017, calculating with the central bankʼs daily fixing.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
