ADVERTISEMENT

MNB: Corporate lending stock falls on net FX repayment

Telco

Corporate lending stock of Hungarian banks fell HUF 31.2 bln to HUF 6.798 trillion in January from a month earlier on net repayments of FX loans, a report by the National Bank of Hungary (MNB) published today reveal.

Companies repaid net HUF 50.3 bln during the month, while revaluations and other changes, mostly to FX loans, added HUF 19.1 bln to the stock.

Companies repaid net HUF 72.8 bln of FX loans but were net borrowers of HUF 25.7 bln in forints.

Corporate deposits fell by HUF 118.5 bln to HUF 5-116 trillion in January from a month earlier. Companies made net withdrawals from both forint and FX accounts.


ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.