Households continue to repay loans in August
DO NOT USE, TOO SMALL
Hungarian households borrowed moderately in forints from domestic banks and repaid them far more in forex-denominated loans in August, as they have every month since April, new figures from the National Bank of Hungary (MNB) show.
Net forint-based borrowing totaled HUF 6.9 billion (€23.2 million) and repayment of forex-denominated loans totaled HUF 29.3 billion (€98.5 million), resulting in net repayment of HUF 22.4 billion.
Households have steadily been net borrowers since the autumn of 2009.
Including minor evaluation changes, household deposits fell HUF 110 billion in August to HUF 7,033.6 billion at the end of the month. They were down HUF 501.5 billion annually. Household deposits fell HUF 32 billion below household loans for the first time since May 2012.
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