Retail lending stock of banks edges up in June

Telco

The retail lending stock of Hungarian banks was up in June compared to the previous month, fresh data from the National Bank of Hungary (MNB) show.

The retail lending stock of banks stood at HUF 5,799.1 billion, according to non-adjusted data. Transactions increased the stock of loans by net HUF 32.3 bln, but revaluations reduced it by net HUF 6.3 bln. Forint-denominated transactions increased the stock by HUF 32.8 bln, but FX transactions reduced it by HUF 0.5 bln.

The stock of retail deposits rose HUF 127.1 bln to HUF 7,549 bln in June on net inflows of HUF 129.3 bln, as revaluations decreased the deposit stock by HUF 2.2 bln.

Retail forint deposits increased by HUF 99.9 bln and foreign currency deposits were up HUF 29.4 bln because of transactions. Revaluations decreased FX deposits by HUF 2.3 bln, while increasing forint deposits by HUF 0.1 bln.

The euro strengthened by around 0.35% against the forint between the end of May and the end of June, calculating with the central bankʼs daily fixing.

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