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Banking sector liquidity rose April

Banking

Photo by Adriana Iacob/Shutterstock.com

Forint liquidity of the Hungarian banking sector grew in April, reflected by increases in the average stock of credit institutions' overnight deposits with the central bank, the National Bank of Hungary (MNB) said in a preliminary release of balance sheet data on Friday, according to a report by state news wire MTI.

The release shows the average monthly stock of O/N deposits with the central bank, including preferential deposits, rose HUF 190 bln to HUF 2.169 trillion in April. Excluding the preferential deposits, O/N deposit stock averaged just HUF 38.5 bln.

The average stock of one-week deposits fell HUF 82 bln to HUF 4.518 tln.

The average stock of currency in circulation continued to rise during the month, growing by HUF 24.5 bln, and reached over HUF 7.392 tln by the end of it.

MNB's average stock of external assets was down by HUF 903 bln at HUF 11.692 tln. The decline reflected the strengthening of the forint exchange rate, the maturities of repo transactions made with international organizations in March and the closing of swap transactions with credit institutions providing forint liquidity.

The central bank noted that the banking sector's reserve account balances exceeded the HUF 304 bln requirement by HUF 47 bln.

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