TITLE

Further Asset Deterioration Likely

PUB. DATE
September 2010
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Sep2010, Vol. 17 Issue 9, p1
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article focuses on the status of banking sector in Hungary which supports weak perspectives for the aggregated economy because it remains fragile and failed to show signs of a marked recovery until 2011. It relates that households and corporations focus on deleveraging because they were stagnated by loan growth, thus banks stay reluctant to resume lending activities. It adds that asset quality is expected to deteriorate since large stocks of external debt is pressured of a weakened forint.
ACCESSION #
52741629

 

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