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Value of insured deposits in Hungary reaches HUF 12.2 trn

Hungary's National Deposit Insurance Fund (OBA) insured deposits of just over HUF 12.2 trillion at the end of 2010, up 0.2% from the end of 2009, OBA calculated based on an evaluation of fees due in June.

OBA said 99.6% of the deposits it insures are under the €100,000 maximum insured value. That is, 9,835,004 bank accounts in Hungary have less than the equivalent of €100,000 in them. The average amount of deposits per account works out to HUF 1.2 million, OBA said. Just 39,217 accounts have more than the equivalent of €100,000 in them, but these add up to HUF 4.8 billion.