ADVERTISEMENT

Households net HUF borrowers, net FX re-payers in August

Telco

Households were net borrowers in terms of forint loans but net re-payers of foreign currency-denominated loans in August, data published by the National Bank of Hungary on Friday show.

Overall retail lending stock, excluding revaluations and other volume changes, fell in August. Stock of deposits rose as forint deposits climbed because of transactions, but foreign currency deposits fell.

Stock of outstanding retail debt fell by HUF 31.9bn in August from the previous month due to transactions. Within this, forint borrowing exceeded repayments by HUF 10.5bn and foreign currency borrowing, excluding revaluations and other volume changes, fell by HUF 42.4bn. Retail deposits rose HUF 59.0bn on transactions, namely net inflows into foreign deposits of HUF 86.4bn and net withdrawals from foreign currency deposits of HUF 27.3bn.

ADVERTISEMENT

Pressure increasing on CFOs - PwC survey Analysis

Pressure increasing on CFOs - PwC survey

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

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.