In this study, using three commercial banks’ retail mortgage loan portfolios (consisting of approximately 200,000 clients with housing and home equity loans), we analyse the risk characteristics of the portfolio, identify customer-specific and product-specific factors, and market and...

The dynamic increase in household indebtedness seen in Hungary in recent years has raised a number of questions relating to the risks of this growth and the long-term sustainability of banking portfolio quality. The continuous monitoring of risks is a task of the MNB, which stems from its...

In addition to aspects related to financial stability, the cost efficiency gap observed between the banking systems of the old and the new EU member states is also unfavourable from a welfare point of view. In the majority of new member states, banks are likely to price the relatively high rate...

The new Hungarian Central Bank Act passed at the end of 2011 delegated macroprudential regulatory powers to the MNB. The essential elements of an effective macro-prudential policy are analytical tools which make it possible to quantify the effects arriving via different systemic risk channels...