Households Make Net Deposits at Bank Accounts in November
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Households made net deposits of HUF 128 billion into their accounts at Hungarian banks in November, news agency MTI reports, citing monthly data released by the National Bank of Hungary (MNB) on Friday.
Until November, households had made net withdrawals from their bank accounts nearly every month for more than a year.
Hungarian banks' retail deposit stock stood at HUF 11.741 tln at the end of November.
MNB data show households took out a net HUF 30 bln of loans from lenders in November. New lending contracts included HUF 34 bln of prenatal baby support loans.
The government introduced the unsecured, interest-free, general-purpose prenatal baby support loans up to HUF 10 mln for families having children in the summer of 2019 along with a number of measures designed to address depopulation. The credit will be available until the end of 2024, albeit with tighter conditions and a HUF 11 mln threshold in the last year.
Retail lending stock stood at HUF 10.114 bln at the end of November. The stock included HUF 2.047 bln of prenatal baby support loans.
MNB data show the average annual percentage rate for home loans from Hungarian banks was 8.99pc in November, falling from 9.59% in October. The home loan APR was down from 10.86% in November 2022.
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