Banksʼ corporate lending stock slightly down in June
The corporate lending stock of Hungarian banks edged down in June from the previous month, fresh data from the National Bank of Hungary (MNB) show, state news agency MTI reported.
The corporate lending stock of Hungarian banks was down HUF 2.4 billion at HUF 6,216.6 bln, according to non-adjusted data. Transactions decreased the lending stock by HUF 6.9 bln, while revaluations and other changes increased it by HUF 4.5 bln.
The stock of forint loans was down by HUF 10.4 bln because of transactions, while that of foreign currency loans was up by HUF 3.4 bln. Revaluations decreased the forint loan stock by HUF 1.5 bln, but increased the FX loan stock by HUF 6 bln.
Holdings by credit institutions of bonds issued by non-financial corporations increased by HUF 0.1 bln due to transactions, bringing the stock of bonds to HUF 80.2 bln.
Corporate deposits meanwhile rose by HUF 53.7 bln to HUF 6,655.1 bln in June. Deposits were up due to transactions by HUF 53 bln, while revaluations added a further HUF 0.7 bln.
According to the MNB, there were net outflows of HUF 85.3 bln from foreign currency deposits and net inflows of HUF 138.3 bln into forint deposits. Revaluations increased both FX deposits and forint deposits by HUF 0.3 bln.
The euro strengthened by around 0.35% against the forint between the end of May and the end of June, calculating with the central bankʼs daily fixing.
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