Even the most experienced bankers hadn't seen anything like this: we had never taken out so much a loan before.
In June, consumer lending reached an absolute record, as monthly loan applications exceeded 500 billion for the first time. The main reason was the increased demand for personal loans and mortgages, especially for “Otthon Start” contracts. Currency deposits also showed record capital inflows, while corporate lending saw a modest, but also noticeable, increase during the summer. The latest data from the National Bank of Hungary will be discussed at the Future of Finance 2026 conference.
June saw record figures in consumer lending: for the first time, the amount of loans taken out monthly exceeded 500 billion forints, thanks to the unprecedented volume of personal loans and mortgages, including Home Start contracts. The amount of money held in bank accounts by the population also increased, particularly foreign currency deposits, which also achieved record inflows due to the strong forint. The corporate market continues to show modest dynamics, but the beginning of summer also brought some improvement. We looked at the MNB’s data on Friday, and we will discuss the outlook at the upcoming Future of Finance 2026 conference. It is worth registering.
