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Banking sector liquidity up in June

Banking

MNB headquarters in Budapest.

Image by posztos / Shutterstock.com

Forint liquidity of Hungary's banking sector rose in June, reflected by an increase in the average stock of lenders' overnight and one-week deposits with the central bank, the National Bank of Hungary (MNB) said in a preliminary release of balance sheet data on Wednesday, according to a report by state news wire MTI.

The average stock of O/N deposits with the central bank, including preferential deposits, rose HUF 281 bln to HUF 2.546 trillion. Excluding the preferential deposits, O/N deposit stock averaged just HUF 103 bln.

The average stock of one-week deposits increased HUF 53 bln to HUF 4.93 tln.

MNB noted that the banking sector's reserve account balances exceeded the HUF 309 bln requirement by HUF 50 bln.

The data show the average stock of currency in circulation climbed HUF 35 bln to HUF 7.479 tln.

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