MNB: 3.5 percent increase in households’ monetary assets

By: Trademagazin editor Date: 2020. 11. 18. 11:25

Households’ net financial savings increased by 432 billion HUF, or 3.5 percent of GDP, in the third quarter. Financial assets increased by 719 billion HUF and liabilities by 287 billion HUF – the Magyar Nemzeti Bank (MNB) reported on the basis of preliminary financial account data.

At the end of September, households’ financial assets reached 63,804 billion HUF, 134.7 percent of GDP, and liabilities amounted to 11,131 billion HUF, or 23.5 percent of GDP, so their net financial assets accounted for 111.2 percent of GDP, 52,674 billion billion forints. (MTI)