Hungary's bank deposits grow 3.4% y/y in June 2012.

By bne IntelliNews August 1, 2012
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 bank deposits grow 3.4% y/y in June 2012.

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