Deposits at Hungarian banks increased by 7.3% y/y to total HUF19.66tn (€62bn) in November, registering an annual rise for the 23rd consecutive month, central bank data showed on December 31.
The annual growth rate accelerated from 6.1% in October. That was supported mainly by a 5.9% y/y rise in corporate deposits, pushing the total to HUF5.1tn.
Household deposits, on the other hand, contracted for the 20th month in a row, dropping 2.4% to HUF6.72tn. Government deposits fell to HUF2.1tn as of end-November, from HUF2.2tn a year ago.
On a monthly basis, corporate deposits rose 1.4% and household deposits moved 0.5% higher.
Despite its all-out attacks on the EU’s refugee quotas, Viktor Orban's government secretly gave permission for the admission of the same number of asylum seekers to the country in 2017 as ... more
President Janos Ader has set April 8 as the date of Hungary's general election, it was announced on January 11. This is the earliest possible Sunday that the ballot can be held under the law. The ... more
The Economy Ministry on January 10 asked the tax authority to delay collecting fines from opposition parties imposed by the state auditor ASZ to ensure that their pre-election budgets and campaign ... more