MNB: Hungarian banks' retail NPL ratio reaches 19.4%

Telco

The ratio of non-performing loans in Hungarian banks' retail lending portfolio reached 19.4% at the end of the third quarter, up 0.6 percentage point from the previous quarter, data released by the National Bank of Hungary today show.

Provision coverage from loan losses increased 0.4 percentage point to 12.8% during the same period. The coverage rate for NPLs increased by 0.9 percentage point to 56.2%.

Within restructured loans, NPLs accounted for 53.3% of the total, down 1.5 percentage points from Q2.

Outstanding retail lending stock came to HUF 6,416.3 bln at the end of Q3, down about HUF 10 bln from the beginning of the period as repayments, write-offs and sales of receivables exceeded outlays. Outlays came to HUF 219.5 bln in Q3, up from HUF 202.2 bln in the previous quarter and reaching the highest level since Q1 2012. Repayments added up to HUF 250.3 bln, write-offs reached HUF 5.6 bln and lenders sold HUF 7.0 bln of their receivables.

ADVERTISEMENT

Pandemic has only moderate impact on big companies Analysis

Pandemic has only moderate impact on big companies

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

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.