How many household loans defaulted in Hungary in June?
No major growth at households
Data for the second quarter of 2023 do not suggest a significant loan quality deterioration at banks, as the HUF 152 bn DPD90+ loans at the end of June compare with
- HUF 139 bn at the end of June 2022, and
- HUF 147 bn at the end of March this year.
And since total household lending has also grown in the meantime,
the share of dpd90+ household loans has been around 1.5% for six quarters in a row.
Half of the HUF 5.2 billion increase in loans overdue by more than 90 days is linked to personal loans (HUF 2.6 bn DPD90+), which show a larger than average increase in volume. Here, the HUF 55.8 billion of loans in significant arrears represents 4.1% of the total, compared with 3.8% a year earlier.
What about corporates?
What was 1.5% at households, came to 1.6% at corporates,
it turns out from the central bank's Q2 banking sector data released earlier. Read our related report here:
Cover photo: peter dazeley via Getty Images
