MNB: Corporate lending stock of Hungarian banks falls in December 2015
The corporate lending stock of Hungarian banks fell in December 2015 from the previous month as companies made net repayments and revaluations, according to fresh data from the National Bank of Hungary (MNB), Hungarian news agency MTI reported today.
Bankʼs corporate lending stock fell HUF 390 billion to HUF 5.971 trillion according to non-adjusted data. Net repayments came to HUF 245 bln, while revaluations and other changes decreased lending stock by HUF 145 bln.
The stock of forint loans fell by HUF 61 bln and that of foreign currency loans fell by HUF 185.5 bln due to transactions.
Holdings by credit institutions of bonds issued by non-financial corporations increased by HUF 1.5 bln due to transactions and by HUF 100 mln due to revaluations, bringing the stock of bonds to HUF 32.1 bln.
Corporate deposits meanwhile grew HUF 167 bln to HUF 5.982 tln in December. Deposits increased due to transactions by HUF 174.5 bln but revaluations reduced the stock by HUF 7.4 bln.
According to the MNB, there were net inflows of HUF 267.9 bln into forint deposits and net withdrawals of HUF 93.5 bln from foreign currency deposits.
The euro strengthened around 0.5% against the forint between the end of November 2015 and the end of December 2015, calculating with the central bankʼs daily fixing.
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