MNB: household debt increased by 15.6 percent in 2019

Households’ loans increased by 957 billion HUF from last year’s 338 billion HUF to 7,107 billion HUF at the end of last year. It is 15.6 percent higher than a year earlier, when growth was 5.8 percent.

Retail deposits increased by 645 billion HUF last year, net savings decreased by HUF 312 billion HUF to 957 billion HUF, while net income grew by 740 billion HUF last year, according to the latest data of the National Bank of Hungary (MNB). (MTI)