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Stock of prenatal baby support loans reaches HUF 1.379 tln

Stock of prenatal baby support loans reaches HUF 1.379 tln

Hungarian lenders' stock of prenatal baby support loans stood at HUF 1.379 trillion at the end of July, up HUF 45 billion from a month earlier, data released by the National Bank of Hungary (MNB) on Thursday show.
The government introduced the unsecured, interest-free, general-purpose prenatal baby support loans up to HUF 10 million for families having children in July 2019. The loans are part of a package of family support measures designed to address the problem of depopulation and are available only until the end of 2022.

Households borrowed net HUF 132 bln in July, lifting retail lending stock to HUF 8.869 tln, the fresh MNB data show.

Households made net deposits of HUF 94 bln during the month, raising retail deposit stock to HUF 11.921 tln.
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