Banking sector forint liquidity climbs in December

Banking

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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.

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