MNB posts historic $4.74 billion loss in 2023
Central bank act amendment precludes immediate recapitalisation
The Central Bank of Hungary (MNB) incurred a loss of 1,763 trillion forints ($4.74 billion) in 2023, the largest loss since its foundation, it said on May 21.
Some 93.2% of the losses, or 1,643 trillion forints, was paid out in interest payments to commercial banks. This is the third consecutive year that the MNB has posted losses.
“During the management of the coronavirus crisis, the MNB injected more than 11 trillion forints of long-term, fixed-rate funding into the Hungarian economy, enabling
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com