ADVERTISEMENT

Stock of prenatal baby support loans surpasses HUF 1.064 tln

MNB

Hungarian lenders' stock of prenatal baby support loans reached HUF 1.0645 tln at the end of December, up about HUF 43 billion from a month earlier, monthly data released by the National Bank of Hungary (MNB) on Wednesday show, according to a report by state news wire MTI.

The government introduced the unsecured, interest-free, general-purpose prenatal baby support loans up to HUF 10 million for families having 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 net HUF 78 bln in December, lifting retail lending stock to HUF 8.11 tln, the fresh MNB data show.

Households made net deposits of HUF 344 bln during the month, raising retail deposit stock to HUF 11.213 tln.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

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

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.