Hungary's deposits, loan interest rates continue rising in Feb 2012.

By bne IntelliNews April 2, 2012
The interest rates on forint-denominated deposits of the Hungarian non-financial corporations and households continued to increase in February 2012, after registering sharp increases in the previous two months, central bank data showed. Interest rates on deposits of non-financial corporations climbed to a 28-month high of 6.79% in February, up by 0.1pps m/m. Forint-denominated deposits for households were signed at an average rate of 6.64%, the highest since January 2010, and up by 0.09pps m/m. Interest rates on forint-denominated loans also advanced both for non-financial corporations and households. The companies signed credit contracts at an average of 9.75% in February, up by 0.33pps m/m. Regarding households, the interest rates on consumer credit and mortgage loans were up by 0.59pps and 0.4pps m/m.

Related Articles

Assets of Hungarys investment funds up 3.2% m/m in Feb 2013.

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

Hungary's number of employees down 0.6% y/y in Jan 2013.

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

Hungarys MVM clears deal for purchasing E.ONs local units.

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

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss