MNB: Companies make net repayments in September

Telco

Corporate lending stock of Hungarian banks fell to HUF 6.253 trillion in September from the previous month due to increased borrowing in forints, a report by the National Bank of Hungary (MNB) reveals, according to Hungarian news agency MTI.

Companies borrowed HUF 54.1 bln in forints in September while the volume of foreign currency loans fell by HUF 60 bln. Revaluations and other changes reduced the overall lending stock by a further HUF 31.3 bln.

Corporate deposit stock fell by HUF 93.9 bln according to unadjusted figures to HUF 5.256 trillion in September. Companies withdrew net forint deposits of HUF 62.7 bln and net FX deposits of HUF 31.1 bln. Revaluations reduced deposits by a further HUF 6.7 bln in September.

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