MNB: Corporate lending stock rises more than HUF 72 bln in December

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Corporate lending stock of Hungarian banks rose by HUF 72.2 bln to HUF 6,835.6 bln in December from a month earlier on net borrowing and a weaker forint, a report by the National Bank of Hungary published Friday shows.

Companies borrowed net HUF 47.9 bln during the month and revaluations and other changes added HUF 24.3 bln to the stock.

The forint weakened about 2.4% to the euro between the end of November and the end of December, adding HUF 66.6 bln to FX lending stock.

Corporate deposits rose by HUF 158.6 bln to HUF 5,234.8 bln in December from a month earlier. Companies made net withdrawals from FX accounts and net deposits into forint accounts.

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