MNB: Demand for home loans climbs

Sustainability

pixabay

Hungarian banks disbursed HUF 41.5 billion in home loans to retail clients in April, up 72% from the same month a year earlier, a monthly release of data by the National Bank of Hungary (MNB) shows, Hungarian news agency MTI reported today.

The increase accelerated from a 65% rise, to HUF 32.5 bln, in March. 

Hungary launched a revamped home purchase subsidy scheme in February. 

A recent survey of loan officers by the central bank showed that 44% of banks saw higher demand for home loans in Q1. 

Outlays of consumer loans also rose sharply in April from the same month a year earlier, climbing 75% to HUF 28.1 bln.

HUPX Joining Serbian, Slovenian Peers in Adex Power

HUPX Joining Serbian, Slovenian Peers in Adex

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.