Retail lending stock of banks up in November - MNB
Onchira Wongsiri/Shutterstock
Retail lending stock of Hungarian banks was up HUF 77.4 billion at nearly HUF 7.022 trillion in November from the previous month, fresh data from the National Bank of Hungary (MNB) shows, state news wire MTI reports.
Image: Onchira Wongsiri/Shutterstock.com
The stock has risen every month since March 2018.
Transactions increased the stock of retail loans by HUF 83.1 bln but revaluations reduced it by HUF 5.7 bln. Forint-denominated transactions increased the stock by HUF 83.6 bln and FX transactions lowered it by HUF 500 million.
Stock of retail deposits rose HUF 91.9 bln to almost HUF 9.370 tln with net deposit placements adding HUF 70.4 bln and revaluations raising the stock by HUF 21.5 bln.
Net inflows increased forint deposits by HUF 84.6 bln and net withdrawals reduced foreign currency deposits by HUF 14.2 bln. Revaluations increased the FX deposits by HUF 21.5 bln and reduced forint deposits by just HUF 100 million.
The euro weakened 1.48% to the forint between the end of October and the end of November, calculating with the central bankʼs daily fixing.
Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...
Hungary to Address Future of Cohesion Policy During EU Presi...
AI may Save Hungarian Healthcare, Says Leading Doctor
Time Out Market to Open in Budapest Next Year
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.
