Banking sector liquidity increases in May

Banking

Image by Shutterstock.com

Forint liquidity of Hungary's banking sector rose in May, reflected mainly by an increase in the average stock of lenders' one-week deposits with the central bank, the National Bank of Hungary (MNB) said in a monthly report on Wednesday, according to a report by state news wire MTI.

The average stock of one-week deposits rose by HUF 390 bln to HUF 9.959 trillion during the month.

MNB noted that average balances on lenders' reserve accounts exceeded the HUF 366 bln requirement by HUF 12 bln during the month.

The data show average stock of currency in circulation reached HUF 8.3 tln in May, edging down HUF 25 bln from a month earlier.

ADVERTISEMENT

Business Chamber Confidence Index Falls in January Analysis

Business Chamber Confidence Index Falls in January

Lawmakers Could Ratify Sweden's NATO Accession on Feb 26 Int’l Relations

Lawmakers Could Ratify Sweden's NATO Accession on Feb 26

2023 Saw Slump in Housing Construction, Permits Construction

2023 Saw Slump in Housing Construction, Permits

Number of Chinese Tourists in Hungary Quadruples From Pre-CO... Tourism

Number of Chinese Tourists in Hungary Quadruples From Pre-CO...

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.