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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.


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