Forint Liquidity of Banking Sector Grows in July

Banking

Image by Shutterstock.com

Forint liquidity of the Hungarian banking sector expanded in July, mainly reflected in an increase of the average stock of lender's overnight deposits with the central bank and floating-rate deposits, the National Bank of Hungary (MNB) said on Monday, according to a report by state news wire MTI.

Monthly data published by MNB show average stock of O/N deposits offered by the central bank at daily quick tenders stood at HUF 7.583 trillion in July, up HUF 363 bln from June. 

The average stock of banks' variable-rate deposits at MNB rose by HUF 263 bln to HUF 773 bln.

Balances on banks' reserve accounts reached HUF 4.348 trillion in July, some HUF 45 bln higher than the requirement. 

The average stock of currency in circulation edged down HUF 20 bln to HUF 8.011 tln.

ADVERTISEMENT

Bourse Turnover Reaches HUF 230 bln in February Figures

Bourse Turnover Reaches HUF 230 bln in February

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

Money Motion 2024: The Future of FinTech Unfolds in Zagreb Fintech

Money Motion 2024: The Future of FinTech Unfolds in Zagreb

Investors of the Year in Limelight at Hipa’s Award Ceremony Awards

Investors of the Year in Limelight at Hipa’s Award Ceremony

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.