Corporate, retail lending stock rises on revaluations in August

Music

Outstanding stock of loans to non-financial companies and households by Hungarian lenders rose in August from the previous month as revaluations outweighed net repayments, fresh data published by the National Bank of Hungary show.

Corporate lending stock fell by HUF 26.1 billion to HUF 7,104.0 billion in July. Revaluations and other changes, mainly on foreign currency-denominated loans, raised the stock by HUF 51.2 billion. Transactions – mainly net repayments of FX loans – reduced the amount by HUF 25.2 billion.

Retail lending stock dropped by HUF 26.6 billion to HUF 7,366.6 billion. Revaluations and other changes raised the stock by HUF 57.8 billion, while transactions cut HUF 31.2 billion from the amount. Households repaid net HUF 54.8 billion of FX loans but borrowed net HUF 23.6 billion of forint loans.

Both non-financial companies and households were net depositors in August. Corporate deposit stock rose HUF 126.8 billion to HUF 4,243.7 billion and retail deposit stock edged up HUF 32.6 billion to HUF 7,535.1 billion. Revaluations accounted for about 40% of the increase in household deposits.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.