Liquidity of Hungary's banking sector improves in January 2013.

By bne IntelliNews February 13, 2013
The forint liquidity of Hungarian banking sector picked up in January 2013 due to an increase in average holdings of the central bank bills and a decline in the average stock of credit institutions overnight deposits, the central bank said. Holdings of central bank bills by non-residents grew sharply, while those by residents advanced only marginally. The average stock of currency in circulation fell 2.3% m/m to HUF 2.68tn in January, which could be attributed to cyclical conditions, the bank explained. The average stock of deposits of the central government with the central bank increased by 10.1% m/m to HUF 1.62tn. The latter was due to the revenues from the sale of FX bonds on the domestic market, which in absolute terms offset the earlier repayment of HUF 179bn on the IMF loan tranche. The central banks total assets reached HUF 10.82tn as of end-January 2013, up by 1.6% m/m.

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