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MNB: Corporate lending stock of Hungarian banks falls on net repayments in June

Telco

Image by Jessica Fejos

Corporate lending stock of Hungarian banks fell in June from the previous month as companies made net repayments, fresh data from the National Bank of Hungary (MNB) show, Hungarian news agency MTI reported today.

(Photo: Jessica Fejos)

Corporate lending stock of the banks fell HUF 150.1 bln to HUF 6.299 trillion according to non-adjusted data. Net repayments came to HUF 191.0 bln, while revaluations and other changes increased lending stock by HUF 40.8 bln.

Corporate deposits fell HUF 203.7 bln to HUF 5.119 trillion in June. Deposits decreased due to transactions by HUF 228.6 bln but revaluations lifted the stock by HUF 24.9 bln.

The forint weakened about 1.7% to the euro between the end of May and the end of June, calculating with the central bankʼs daily fixing.

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