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MNB: Households make net repayments in March

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

The retail lending stock of banks fell HUF 24.6 billion to HUF 5.793 trillion according to non-adjusted data. Transactions reduced the stock of loans by HUF 16.9 bln and revaluations by a further HUF 7.7 bln. 

Seasonally unadjusted data shows a decline of HUF 15.3 bln in forint loans and a decline of HUF 1.6 bln in foreign currency loans.

The stock of retail deposits grew HUF 9 bln to HUF 6.931 tln in March on net inflows of HUF 8.5 bln. Forint deposits increased by HUF 2.7 bln and foreign currency deposits by HUF 5.8 bln. 

Revaluations only slightly modified household deposits, increasing their value by HUF 500 million.

The euro strengthened around 1.1% against the forint between the end of February and the end of March, calculating with the central bankʼs daily fixing.

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