International reserves at the National Bank of Hungary (NBH) grew to EUR 38.76 billion in September from EUR 37.55 bn at end-August, the central bank reported its preliminary figures on Friday.
The EUR 1.2 bn increase was the result of foreign currency reserves growing by nearly EUR 1 bn to EUR 35.6 bn. Other reserve assets went up by more than EUR 200 m to EUR 2.26 bn.
According to an e-mailed response by the NBH’s press department, the growth in FX reserves stems from incoming EU funds and Government Debt Management Agency (ÁKK) items. The NBH will provide a more detailed breakdown of the reserves in its quarterly report to be released on 14 October, it added.
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