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Number of active credit cards declines 13%

The number of active credit cards in Hungary declined 13.2% to 1.51 million at the end of 2009 from 1.74 million at the end of 2008, the business daily Napi Gazdaság reported on Wednesday, citing National Bank of Hungary data.

The newspaper noted, however, that the number of bank-card transactions in Hungary rose 11.5% yr/yr to 184.9 million in 2009, while the value of the transactions rose 3.9% to HUF 1,436.1 billion last year. (MTI-ECONEWS)