ADVERTISEMENT

MNB: Net borrowing raises corporate lending stock in June

Telco

pexels

Corporate lending stock of Hungarian banks rose by HUF 14.9 billion to HUF 5.9628 trillion in June from the previous month, according to data released today by the Hungarian National Bank (MNB).

Businesses were net borrowers of HUF 56.5 bln during the month, according to the data, which was not adjusted for seasonal effects. They borrowed net HUF 47.0 bln of FX loans and issued net HUF 13.3 bln in corporate bonds, but repaid net HUF 3.9 bln in forint loans, MNB reports. 

The data show “revaluations and other changes” reduced forint corporate lending stock by HUF 24.6 bln in June.

Stock of corporate deposits rose by HUF 14.8 bln to HUF 5.7693 trillion in June, on net forint deposits and a rise in the value of FX deposits because of a weaker forint.

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.