Hungary’s biggest lender, Belgium’s KBC Bank, reported 4.058 billion euros of Hungarian debt on its books while OTP Bank had 3.3 billion. In third place was Austria’s Erste Bank, with just over 2 billion.

Thanks to the banking authority’s data, there is a clearer picture than before of which institutions own how much debt. The biggest holder of Hungarian bonds is American global investment firm Franklin Templeton, which handles 16.1 billion euros of Hungary’s debt.

Though a relatively small proportion of the total, government instruments in the hands of domestic investors are growing apace, the paper noted. The rest of the stock of Hungarian bonds is reckoned to be held by non-European banks and funds, it added.

Source www.hungarymatters.hu

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