Companies have been net borrowers for the second month in a row after being net repayers between March and June.
Companies borrowed net HUF 25.6 bln in August, the bulk of which or HUF 23.6 bln was borrowed in forints. Revaluations and other changes increased the overall lending stock by a further HUF 33.2 bln.
The forint weakened about 1.7% to the euro between the end of July and the end of August, based on the MNBʼs official fixing.
Corporate deposit stock rose by a steep HUF 201.9 bln to HUF 5.356 trillion in August. Companies made net forint deposits of HUF 154.1 bln and net FX deposits of HUF 37.1 bln. Revaluations added a further HUF 10.7 bln to their deposits in August.
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