ADVERTISEMENT

Number of delinquent retail borrowers climbs 13% in twelve months to Sept

MNB

The number of delinquent retail borrowers in Hungary reached 832,000 at the end of September, up 13% from twelve months earlier, data published by BISZ, which compiles a "blacklist" of the borrowers show.

Retail borrowers who fall more than the monthly minimum wage -- HUF 78,000 in 2011 -- behind on loan payments for more than 90 days are inscribed on the list. The list also includes people who try to borrow money using false identities as well as those charged with bank card fraud.

Borrowers still remain on the list one year after they have settled their debts. There were 64,000 such borrowers on the list at the end of September.

There were 396,000 loan contracts with delinquent corporate borrowers at the end of September, down more than 5% from twelve months earlier.

 

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.