MNB: Corporate lending stock rises on weaker forint in May
Corporate lending stock of Hungarian banks rose by HUF 54.1 bln to HUF 6.45 trillion in May from the previous month as a weaker forint raised the level of FX loans, a monthly report from the National Bank of Hungary (MNB) shows.
Revaluations and other changes boosted the stock by HUF 59.0 bln, while companies made net repayments of HUF 4.9 bln on their credit.
The forint weakened about 2.1% to the euro between the end of April and the end of May.
Corporate deposit stock rose HUF 209.7 bln to HUF 5.323 trillion in May, largely on net deposits of HUF 166.7 bln.
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.