MNB: Households make net repayments in July

Telco

Image by Jessica Fejos

Retail lending stock of Hungarian banks fell by HUF 33 bln to HUF 6.092.5 trillion in July from the previous month on net repayments and revaluations, fresh data from the National Bank of Hungary (MNB) show.

Households made net repayments of HUF 20.7 bln during the month and the stronger forint along with other revaluations reduced the lending stock by an additional HUF 12.3 bln.

The forint firmed about 1.9% to the euro between the end of June and the end of July, as calculated with MNBʼs official fixing.

Retail deposits edged down to HUF 6.816 trillion in July. Households made net deposits of HUF 5.0 bln, but revaluations cut the overall stock by HUF 15.2 bln.

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Chain Bridge to be closed for traffic for 18 months City

Chain Bridge to be closed for traffic for 18 months

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.