The time series data published by the HFSA are aggregated from the solo basis data of the supervised institutions in accordance with the Hungarian Accounting Standards (HAS). Please note that the direct comparison of the reports based on the IFRS and/or consolidated data with the sectorial time series based on HAS could lead to misinterpretations.

In order to facilitate the timely disclosure of the data, correction is applied only when significant errors occur either in the values or the consistency with the reporting requirements. Due to possible further revisions, the un-audited data may differ from the previously published ones.

The time series include aggregated data for sector and analysed group levels, hence while analysing these data the following should be taken into consideration:

• In sectors where market concentration is high, the individual data of institutions with relatively large market share can considerably influence or distort sectorial tendencies.

• Time fluctuations in the institutional composition of sectors may also cause changes in sectorial tendencies.

• Sectorial data are characterised by a varying dispersion within the data and sector of individual institutions.