Corporate lending stock falls in December

Telco

The corporate lending stock of Hungarian banks fell in December from the previous month on net repayments and revaluations, fresh data from the National Bank of Hungary (MNB) show.

The corporate lending stock of banks was down HUF 72.3 billion at HUF 7.533 trillion, according to seasonally unadjusted data. Net repayments reduced the stock by HUF 37.9 bln, and revaluations and other changes by HUF 34.5 bln.

The corporate bond stock was little changed at HUF 82.4 bln.

Corporate deposits fell HUF 125.7 bln to HUF 8.642 tln in December. Net withdrawals came to HUF 104.8 bln and revaluations lowered the stock by HUF 20.9 bln.

Companies made net withdrawals of HUF 142 bln from FX deposits and net deposits of HUF 37.2 bln in forint accounts.

The euro weakened by 0.6% against the forint between the end of November and the end of December, calculating with the central bankʼs daily fixing.

ADVERTISEMENT

17% of homeowners plan renovations this year Analysis

17% of homeowners plan renovations this year

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.