MNB: households also became richer in the first quarter

By: Trademagazin editor Date: 2020. 05. 18. 11:22

Households’ financial assets increased by 514 billion HUF in the first quarter of this year, which is the most modest amount since the 418 billion HUF in the third quarter of 2013, but in one year households increased became richer with 5,060 billion HUF – according to preliminary financial account data published on Monday.

The latest figures available on the website of the Magyar Nemzeti Bank (MNB) show that in the first quarter households suffered a revaluation loss of 135 billion HUF, mainly due to a 248 billion HUF devaluation of their holdings of listed shares and a 226 billion HUF devaluation of their investment certificates. It appreciated by 208 billion HUF, and a profit of 344 billion HUF could be recorded on non-listed shares and other equity. (MTI)