Retail lending stock of banks unchanged in February

Telco

pixabay

The retail lending stock of Hungarian banks was stable in February compared to the previous month, fresh data from the National Bank of Hungary (MNB) show, Hungarian news agency MTI reported.

The retail lending stock of banks stood at HUF 5.782 trillion according to non-adjusted data. Transactions increased the stock of loans by HUF 1.3 billion, but revaluations reduced it by an equal amount.

Seasonally unadjusted data show an increase of HUF 2.2 bln in forint loans and a HUF 0.8 bln decrease in foreign currency loans. Revaluations decreased forint loans by about HUF 0.9 bln, and FX loans by around HUF 0.5 bln.

The stock of retail deposits fell HUF 7.7 bln to HUF 7,374.8 bln in February on net inflows of HUF 1.7 bln, while revaluations decreased the deposit stock by HUF 9.3 bln.

Forint deposits increased by HUF 1 bln and foreign currency deposits were up HUF 0.6 bln because of transactions, but revaluations decreased FX deposits by HUF 9.4 bln.

The euro weakened by around 1.05% against the forint between the end of January and the end of February, calculating with the central bankʼs daily fixing.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.