Bank sector posts a 24% assets increase

The total assets of Hungary's bank sector jumped 24% to Ft 11 trillion in H1 compared to the same period last year, a report by the Hungarian Banking Association revealed. The gross value of the banks' aggregate loan portfolio leaped 33% to Ft 6.839 trillion in the same period. Corporate lending rose 9%, retail lending swelled 83%, while the volume of home loans extended by banks tripled in the first half of the year, the HBA reported.