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NPL ratio in retail portfolio at Hungarian banks reaches 11% by end-2010

The ratio of non-performing loans (NPLs) in the retail portfolio of Hungarian banks rose to 11% at the end of 2010 from 7.7% at the end of 2009, National Bank of Hungary governor Andras Simor said on Monday, citing preliminary data.

The NPL ratio in the corporate portfolio climbed to 12.4% from 10.1% during the same period.

The capital adequacy ratio for the Hungarian banking sector rose to 13.4% from 13.1%.

Banks' retail lending stock fell 2.5% and corporate lending stock was down 5.7%.

Banks' pre-tax profit fell sharply to HUF 73 billion in 2010 from HUF 300 billion in 2009.

Banks and other financial companies paid a little more than HUF 182 billion in an extraordinary levy on the sector in 2010, the National Economy Ministry said earlier.

Banks' external liabilities fell by HUF 1,400 billion in 2010.