MNB: Debt from corporate borrowing falls on net repayments in May

Telco

Non-financial companies in Hungary were net payers of credit as well as net depositors in May, monthly data released by the National Bank of Hungary (MNB) yesterday show, according to Hungarian news agency MTI.

Companies made net repayments of HUF 78.6 bln, reducing corporate lending stock to HUF 5.9479 trillion, also taking into consideration the effect of revaluations and other changes, MTI reported. 

Companies were listed as making net deposits of HUF 39.8 bln. An additional HUF 20.2 bln revaluation gain on FX accounts lifted total corporate deposit stock to HUF 5.7546 trillion, according to the report.

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