Household assets increased by HUF 1.823 tln in Q2

Watchara Ritjan / Shutterstock.com

By the end of Q2, the financial assets of households had increased to HUF 63.191 trillion, an increase of HUF 1.823 tln compared to the previous quarter, and an increase of HUF 5.992 tln on an annual basis, writes origo.hu.

Photo by Watchara Ritjan / Shutterstock.com

The level of household liabilities was HUF 10.850 tln, with a quarterly increase of HUF 367 billion, while the annual change was an increase of HUF 1.431 tln.

Thus, as a result of both, net financial assets increased by HUF 1.456 tln to HUF 52.341 tln.

On a transactional basis, the fact that cash and cash equivalents increased by HUF 225 bln, in addition to HUF 447 bln in demand deposits and by 56 bln in "time deposits," played a significant role in the increase in assets.

The population continued to purchase long-term bonds with outstanding dynamics, amounting to HUF 407 bln, while the population reduced its short-term bond portfolio by HUF 238 bln.

In the case of listed shares, the stock increased by HUF 133 bln, as the population continues to try to ride good entrants due to massive falls, while the quarterly net transaction of investment certificates was plus HUF 55 bln, and HUF 77 bln was invested in insurance.

EU

Gulyás: Hungary to Seek Compensation for Border Protection Costs From EU

Appointments

Special Effects Ltd. Appoints Fresh CEO

Automotive

DHL Doubles Electric Van Fleet in Budapest

EU

Bóka: Competitive EU Impossible Without Competitive Member States

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For over 30 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.