Economy

Number Of Bank Accounts In Hungary Down By 2,3% Year-On-Year

The number of bank accounts in Hungary reached 10,368,626 at the end of March, down 2.3% from twelve months earlier, data released by the National Bank of Hungary (MNB) show.

Individuals made up 9,368,389 of account holders and companies 1,000,237. Foreign-currency accounts made up 1,056,654 of the total. The number of bank cards issued in Hungary was 8,861,694 at the end of March, practically unchanged from a year earlier. Debit cards accounted for 84% of the total and credit cards for the rest. The number of ATMs shrank by 2% to 4,782.

The data released by MNB also shows that Hungarians are far more likely to make bigger purchases with their bank cards when travelling abroad than when at home. Hungarians spent almost 18,000 forints (EUR 60) per transaction when making purchases at brick-and-mortar shops abroad in the first quarter.

In Hungary, the average bank card purchase in shops came to just 6,300 forints during the same period. Hungarians’ cash withdrawals abroad averaged about 62,000 forints, the data show, practically level with the average withdrawal in Hungary.

via hungarymatters.hu and mnb.hu photo: nol.hu