Varga: Retail investors open 100,000 treasury accounts in nine months

Written by BT/MTI

Families are playing an increasing role in financing state debt, with over 100,000 treasury accounts opened and HUF 115bn worth of securities purchased in nine months, Finance Minister Mihaly Varga said on Facebook on Tuesday.

Two-thirds of the securities accounts, baby bond and pension savings accounts have been opened online in the past nine months, he said. The option has been available since last December, Varga noted.

Since 2010, the share of retail investors in financing the state debt has increased from 3pc to over 20pc. Meanwhile, the ratio of state debt held by foreigners fell to 40pc from 65pc and the share of forex debt dropped below 30pc from 50pc, the finance minister said.