MNB: Corporate lending stock rises on weaker forint in May

Telco

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.

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