MNB: Retail loan stock drops further in Q4
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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