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Banking sector liquidity declines in September

MNB

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Forint liquidity of Hungary's banking sector declined in September, primarily due to the swap facility providing euro liquidity at the end of the quarter, and was reflected in a fall in the average stock of lenders' overnight (O/N) deposits with the central bank, the National Bank of Hungary (MNB) said in a preliminary release of balance sheet data on its website yesterday.

The average stock of O/N deposits with the central bank, including preferential deposits, fell HUF 288 billion to HUF 2.229 trillion.

The average stock of one-week deposits increased HUF 142 bln to HUF 6.208 tln. The average stock of external liabilities rose HUF 925 bln to HUF 3.299 tln. At the end of the month, total liabilities were at HUF 25.63 tln, up by HUF 2.388 tln from the end of August.

The MNB noted that the banking sector's reserve account balances exceeded the HUF 321.5 bln requirement by HUF 13.6 bln. The data shows the average stock of currency in circulation climbed HUF 5.7 bln to HUF 7.509 tln.

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