Households Deposit HUF 106 bln in February
Image by Shutterstock.com
Households made net deposits of HUF 106 billion in their accounts at Hungarian banks in February, after half a year of taking out net withdrawals, according to monthly data released by the National Bank of Hungary (MNB) on its website this week.
Households had made net withdrawals of HUF 42 bln in August, HUF 124 bln in September, HUF 179 bln in October, HUF 184 bln in November, HUF 17 bln in December and HUF 334 bln in January. Hungarian banks' retail deposit stock stood at HUF 12.498 trillion at the end of February.
The MNB data shows households repaid a net HUF 22 bln of credit in February.
In January, households made net repayments on their loans for the first time in nearly five years, repaying HUF 28 bln of credit. The retail lending stock stood at HUF 9.856 tln at the end of February
Households borrowed HUF 12 bln of prenatal baby support loans in February, lifting the total contract value of the credit line to HUF 2.117 tln.
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.