MNB: Households make net repayments in July

Telco

Image by Jessica Fejos

Retail lending stock of Hungarian banks fell by HUF 33 bln to HUF 6.092.5 trillion in July from the previous month on net repayments and revaluations, fresh data from the National Bank of Hungary (MNB) show.

Households made net repayments of HUF 20.7 bln during the month and the stronger forint along with other revaluations reduced the lending stock by an additional HUF 12.3 bln.

The forint firmed about 1.9% to the euro between the end of June and the end of July, as calculated with MNBʼs official fixing.

Retail deposits edged down to HUF 6.816 trillion in July. Households made net deposits of HUF 5.0 bln, but revaluations cut the overall stock by HUF 15.2 bln.

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