The total stock of deposits of Hungarian residents increased 3.4% y/y to HUF 17.28tn (EUR 62bn) at end-June 2012, growing at the same pace as in the previous month, central bank data showed. The improvement was on the back of higher deposit stock of monetary financial institutions (up 9.4% y/y) and other residents (up 3% y/y), which more than offset the 28.3% y/y decline in government deposits. In other classification, the corporate deposits amounted to HUF 4.05tn as of end-June, up by 2.7% y/y. The total deposits stock in the household sector extended its growth rate over the past 15 months after rising 2.5% y/y to HUF 7.54tn at end-June. |
Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more
The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more
The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more