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Banai noted that households’ net financial assets had climbed from 82% of GDP in 2012, rising by the equivalent of 6pc of GDP annually, on average.
He added that retail government securities held by Hungarian households had reached 19% of GDP, over rates in neighbouring countries and the rest of the European Union, while levels of riskier assets, such as shares, were lower.
He said the ratio of households’ liquid assets had climbed since 2012, with sight deposits still dominant but the share of investment funds and foreign investments increasing.
The report shows the share of households with financial assets stands at 67%, up from 50% in 2017, but Banai said the share without enough savings to live off for a month or more was still high.
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