MNB: Households make net repayments in December 2015
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.
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.