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Business & Finance

Hungary cbank accepts HUF 400bn in 3mo deposits from banks

BUDAPEST: Hungary's central bank accepted deposits worth 400 billion forints ($1.
Published November 23, 2016 Updated November 23, 2016 11:54am
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By Parvez Jabri
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imageBUDAPEST: Hungary's central bank accepted deposits worth 400 billion forints ($1.37 billion) in its main three-month facility at a tender on Wednesday, below its original offer for up to 450 billion, it said on Reuters page .

Local banks offered to place 695.56 billion forints worth of funds in the instrument.

The bank wants to cap funds placed by banks in the facility at 900 billion forints by the end of 2016.

The total outstanding amount was 937 billion forints after Wednesday's tender.

Copyright Reuters, 2016

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