Stock of baby support loans at HUF 1.419 tln
Hungarian lenders' stock of prenatal baby support loans stood at HUF 1.419 trillion at the end of August, up HUF 40 billion from a month earlier, according to data released by the National Bank of Hungary (MNB) on its website.
The government introduced the unsecured, interest-free, general-purpose prenatal baby support loans of up to HUF 10 million for families expecting or planning children in July 2019.
The loans are part of a package of family support measures designed to address the problem of depopulation and are available only until the end of 2022.
Households borrowed a net HUF 125 bln in August, lifting the retail lending stock to HUF 8.991 tln, according to the latest MNB data.
Families made net deposits of HUF 119 bln during the month, raising retail deposit stock to HUF 11.996 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.