IMF Staff Country Reports

Hungary: Financial System Stability Assessment Update, including a Report on the Observance of Standards and Codes on Insurance Regulation

June 29, 2005

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International Monetary Fund. Monetary and Capital Markets Department "Hungary: Financial System Stability Assessment Update, including a Report on the Observance of Standards and Codes on Insurance Regulation", IMF Staff Country Reports 2005, 212 (2005), accessed December 22, 2024, https://doi.org/10.5089/9781451818000.002

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Summary

This paper presents an update to Hungary’s Financial System Stability Assessment, including a Report on the Observance of Standards and Codes on Insurance Regulation. The assessment reveals that financial intermediation in Hungary has continued to deepen. The expansion of bank lending at higher interest margins has resulted in a sharp increase in bank profitability. Although financial soundness indicators show that the banking system has evolved well overall, potential risks have emerged, which should be carefully monitored and appropriately addressed. Nonbank financial institutions remain relatively small and are not currently a source of systemic vulnerability.

Subject: Banking, Expenditure, Financial institutions, Financial Sector Assessment Program, Financial sector policy and analysis, Insurance companies, Loans, Mortgages, Pension spending

Keywords: Bank subsidiary, CR, Debt management, Eastern Europe, Exchange rate, Financial Sector Assessment Program, Financial system, Foreign currency, Global, Household loan, Insurance companies, ISCR, Loans, Mortgage bank, Mortgage bond, Mortgage foreclosure, Mortgages, Pension spending, Subsidy program

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