Retail lending stock of banks edges up in June
The retail lending stock of Hungarian banks was up in June compared to the previous month, fresh data from the National Bank of Hungary (MNB) show.
The retail lending stock of banks stood at HUF 5,799.1 billion, according to non-adjusted data. Transactions increased the stock of loans by net HUF 32.3 bln, but revaluations reduced it by net HUF 6.3 bln. Forint-denominated transactions increased the stock by HUF 32.8 bln, but FX transactions reduced it by HUF 0.5 bln.
The stock of retail deposits rose HUF 127.1 bln to HUF 7,549 bln in June on net inflows of HUF 129.3 bln, as revaluations decreased the deposit stock by HUF 2.2 bln.
Retail forint deposits increased by HUF 99.9 bln and foreign currency deposits were up HUF 29.4 bln because of transactions. Revaluations decreased FX deposits by HUF 2.3 bln, while increasing forint deposits by HUF 0.1 bln.
The euro strengthened by around 0.35% against the forint between the end of May and the end of June, calculating with the central bankʼs daily fixing.
Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
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.
