Corporate lending stock unchanged, retail loan stock lifted by forint

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Outstanding loans of Hungarian lenders to non-financial businesses hardly changed in February and their retail lending stock rose from January due only to the weakening of the forint, fresh data published by the National Bank of Hungary on Thursday show. Non-financial businesses borrowed net HUF 15 billion in forints and repaid net HUF 46.3 billion on foreign-exchange loans last month. Including revaluation changes, their total lending stock fell just HUF 2 billion to HUF 7,062.2 billion at the end of February. Corporate forint loans outstanding rose by HUF 7.4 billion in February, to HUF 3,065.2 billion as revaluation and other changes offset half of the rise stemming from new forint borrowings. Households repaid HUF 7.8 billion in forint loans and repaid HUF 29.9 billion in foreign-currency-denominated loans in February.

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