Household deposits up to HUF 807 bln in February
Photo by Shutterstock.com
Net deposits of households at Hungarian banks came to an extraordinary HUF 807 billion in February, boosted by a tax refund for families raising children and an annual pensioners' bonus, according to data released by the National Bank of Hungary (MNB) on its website Friday.
The retail deposit stock of local banks rose to HUF 13.551 trillion as a result.
The government decided on the one-off tax refund of more than HUF 600 bln to compensate families with children for their burden during the coronavirus crisis.
Households signed for a net HUF 14 bln of credit in February, raising lenders' retail lending stock to HUF 9.366 tln.
Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
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.
