MNB: Retail lending stock of Hungarian banks falls in June

Telco

Photo by Jessica Fejos

Retail lending stock of Hungarian banks fell in June from the previous month due to households making net repayments, fresh data from the National Bank of Hungary shows, according to Hungarian news agency MTI today.

(Photo: Jessica Fejos)

Retail lending stock of the banks fell HUF 26.5 bln to HUF 6.126 trillion. Transactions reduced the stock of forint loans by only HUF 0.2 bln but by HUF 20.3 bln for foreign currency loans.

Revaluations further reduced lending stock by HUF 6 bln in June.

Stock of retail deposits fell HUF 25.7 bln to HUF 6.823 trillion in June on net outflows of HUF 40.1 bln. Forint deposits decreased by HUF 7.9 bln and foreign currency deposits by HUF 32.2 bln.

Revaluations raised foreign currency deposit stocks by HUF 14.3 bln as the forint weakened about 1.7% to the euro between the end of May and the end of June, calculating with the central bankʼs daily fixing.

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