Banking sector forint liquidity climbs in December
Image by Roman Motizov / Shutterstock.com
Forint liquidity of the Hungarian banking sector continued to climb in December, reflected by increases in the average stock of credit institutions' preferential and one-week deposits with the central bank, the National Bank of Hungary (MNB) said in a preliminary release of balance sheet data on Friday, according to state news wire MTI.
The release shows the average monthly stock of O/N deposits with the central bank, including preferential deposits, rose HUF 292 billion to HUF 1,521 trillion in December. Excluding the preferential deposits, O/N deposit stock averaged just HUF 88 bln.
The average stock of one-week deposits climbed HUF 766 bln to HUF 3.413 tln.
MNB noted that the banking sector's reserve account balances exceeded the HUF 280 bln requirement by HUF 41 bln.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.