Market Report, "Consumer Lending in Hungary", Published
Generally the Hungarian economic environment cannot be defined as positive or improving in 2013 based on main economic indicators such as unemployment rate, GDP growth, investment rate or domestic consumption. All these factors had a negative impact on overall performance of the consumer lending market. Whilst annual gross lending remained more or less the same as in 2012, outstanding balance decreased, deriving mainly from early repayment of foreign exchange based mortgages on a referential...
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