Corporate, retail lending stock drops on revaluations in June, MNB

Music

Outstanding stock of loans to non-financial companies and households by Hungarian lenders fell in June from the previous month mainly because of revaluations, fresh data published by the National Bank of Hungary (MNB) show.

Corporate lending stock fell by HUF 289.3 billion to HUF 7,246.3 billion in June. Revaluations and other changes, mainly on foreign currency-denominated loans, cut the stock by HUF 203.9 billion, while transactions reduced the amount by HUF 85.4 billion.

Retail lending stock dropped by a little more than HUF 223 billion to HUF 7,503.1 billion. Revaluations and other changes reduced the stock by HUF 198.5 billion and transactions cut another HUF 24.7 billion from the amount. Corporate deposits fell by HUF 95.4 billion to HUF 4,050.2 billion on revaluations as well as net withdrawals of HUF 33.1 billion.

Retail deposit stock edged down HUF 17 billion to HUF 7,538.7 billion. Households were net depositors of HUF 60.6 billion, but the amount did not offset revaluations.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.