Banking sector liquidity rises in June
Forint liquidity of Hungaryʼs banking sector rose in June from May, the National Bank of Hungary (MNB) said in a report on its preliminary statistical balance sheet on Thursday, according to state news agency MTI.
Liquidity rose as the average stock of banksʼ one-day central bank deposits increased more than their three-month and other deposits dropped, the MNB noted.
The central bankʼs external assets fell mainly due to the maturity of swaps in which banks bought foreign currency from the MNB for the settlement and conversion of FX loans in 2014 and 2015.
The stock of central government deposits with the national bank fell sharply in June, mainly due to payments of EU funding to recipients, the MNB added.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.