ADVERTISEMENT

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

Telco

DO NOT USE, TOO SMALL

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.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Transformation Delineation - Microsoft country general manag... Podcasts

Transformation Delineation - Microsoft country general manag...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.