Retail lending stock of banks up in September

Telco

The retail lending stock of Hungarian banks rose in September from the previous month, fresh data from the National Bank of Hungary (MNB) show, according to Hungarian news agency MTI.

The retail lending stock of banks rose HUF 9.4 bln to HUF 5,780.9 bln in September, according to non-adjusted data. Transactions increased the stock of loans by HUF 14.3 bln, while revaluations reduced it by HUF 4.9 bln. 

Seasonally unadjusted data show an increase of HUF 10.3 bln in forint loans and a HUF 0.9 bln decrease in foreign currency loans.

The stock of retail deposits fell HUF 3 bln to HUF 6,994.0 bln in September on net inflows of HUF 0.9 bln, as revaluations decreased the deposit stock by HUF 3.9 bln.

Forint deposits decreased by HUF 63.5 bln and foreign currency deposits rose HUF 64.3 bln because of transactions, but revaluations decreased FX deposits by HUF 3.9 bln.

The euro weakened around 0.25% against the forint between the end of August 2016 and the end of September 2016, calculating with the central bankʼs daily fixing.

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