MNB: Retail lending stock edges down on revaluations in June

Telco

Retail lending stock of Hungarian banks edged down about HUF 1 billion to HUF 5.7659 trillion in June, according to data released today by the Hungarian National Bank (MNB).

Households were net borrowers of HUF 5.2 bln, but “revaluations and other changes” reduced the stock by HUF 6.1 bln. About half a billion forints were added to FX lending stock as the result of the weaker forint, but the revaluations cut HUF 6.5 bln from forint stock, which could show a portfolio cleanup, MNB said. 

Households were net depositors to the tune of HUF 75.4 bln in June, lifting the retail deposit stock to HUF 6.9911 bln.

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