MNB: Households make net repayments in December 2015

Telco

The Retail lending stock of Hungarian banks fell in December from the previous month mostly on households making net repayments, according to fresh data from the National Bank of Hungary (MNB), state news agency MTI reported today.

The retail lending stock of banks fell HUF 69.2 billion to HUF 5.883 trillion. Transactions reduced the stock of loans by HUF 50 bln and revaluations by a further HUF 19.1 bln.

Seasonally unadjusted data shows a decline of HUF 46.7 bln in forint loans and a decline of HUF 3.3 bln in foreign currency loans.

Stock of retail deposits grew HUF 177.2 bln to HUF 7.051 tln in December on net inflows of HUF 180.8 bln. Forint deposits increased by HUF 158.8 bln and foreign currency deposits by HUF 21.9 bln.

Revaluations only slightly modified household deposits, lowering their value by HUF 3.5 bln.

The euro strengthened around 0.5% against the forint between the end of November and the end of December of last year, calculating with the central bankʼs daily fixing.

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