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Savings cooperative assets exceed Ft 1,300 bln

The combined assets of Hungary's savings cooperatives exceeded Ft 1,300 bln at the end of November 2006, well over the Ft 1,296 bln mark of twelve months earlier, shows a report compiled by financial market PSzÁF.

Savings cooperatives had a net stock of loans of Ft 582 billion at the end of November, including Ft 361 billion in retail loans and Ft 204 billion in corporate loans. Compared to October, the stock of retail loans fell Ft 4.3 billion and the stock of corporate loans was down Ft 2.6 billion. (Econews)