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MNB: Retail loan stock drops further in Q4

Telco

Although Hungarian banks' disbursals of retail loans rose sharply in the fourth quarter of last year, overall retail lending stock continued to fall, a lending survey by the National Bank of Hungary shows.

Forint loan repayments exceeded forint disbursals by HUF 4 bln. Repayments on FX loans were HUF 82 bln more than outlays. Write-offs and other changes reduced the stock by another HUF 32 bln.

New outlays in the segment were up 42% year-on-year at HUF 147 bln in Q4. Outlays of home loans rose the most, however, uncollateralized consumer loans also rose significantly.

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