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18% of retail loan debt in Swiss francs

The share of foreign currency-denominated loans among Hungarian banks' combined stock of retail loans rose from 12.6% to 22.8% in the first eight months of 2005, according to figures published by the National Bank of Hungary (MNB) yesterday. Within forex loans, the proportion of Swiss franc-denominated loans doubled to 18%. Hungarian households signed new loan contracts worth Ft 717 billion in January-August, with forex loans accounting for 54% of the total. (Econews)