News Column

MNB-Household and non-financial corporate sector interest rates:July 2014

September 1, 2014



ENP Newswire - 01 September 2014

Release date- 29082014 - In July 2014, the average APRC on forint loans and personal loans to the household sector fell relative to the previous month.

Average interest rates on forint loans to non-financial corporations of up to and over the equivalent of EUR 1 million fell. Average interest rates on forint deposits of households and non-financial corporations fell in the month. In July 2014, the average APRC on new forint housing loans and personal loans to the household sector fell, while that on new general purpose mortgage loans was unchanged. Seasonally adjusted new business volumes of all three types of forint housing loans increased relative to the previous month. Average interest rates on household sector forint and euro deposits fell. Seasonally adjusted new business volume of forint deposits fell and that of euro deposits increased relative to June. 1 New loans to households and non-financial corporations do not include restructured loans. Similarly, the effects of government bridging loans are eliminated from the values of new housing loans and general purpose loans to households. (For more details, see the Methodological notes.)2 Average interest rates on forint loans to the non-financial corporate sector of up to and over the equivalent of EUR 1 million fell in July. The average interest rate on euro loans of up to EUR 1 million also fell and that on euro loans of over EUR 1 million rose relative to the previous month. Seasonally adjusted new business volume of forint loans to the non-financial corporate sector of up to the equivalent of EUR 1 million was unchanged and that of forint loans of over the equivalent of EUR 1 million increased. Seasonally adjusted new business volume of euro loans to non-financial corporations of up to EUR 1 million increased slightly and that of euro loans to non-financial corporations of over EUR 1 million fell relative to the previous month. Average interest rates on non-financial corporations' forint and euro deposits fell in the month. Seasonally adjusted new business volumes of forint and euro deposits increased relative to June.

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The seasonally adjusted data, published simultaneously with this press release in the chart pack and in the time series for household and non-financial sector interest rates, are subject to more uncertainty than usual, due to fluctuations caused by the financial crisis.

MAGYAR NEMZETI BANK

DIRECTORATE STATISTICS

Detailed tables: Time series

Notes: Methodological notes

Charts: Chart pack

Contact information:

Phone: 428-2751

Fax: 428-2569

Email: sajto@mnb.hu


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Source: ENP Newswire


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