MNB: Stronger forint reduces FX lending stock in February

Telco

Lending stock of Hungarian banks fell in February from the previous month as the stronger forint reduced the value of FX loans, fresh data from the National Bank of Hungary (MNB) show.

The forint firmed about 2.6% to the euro between the end of January and the end of February, calculating with the central bankʼs daily fixing.

Corporate lending stock of the banks fell almost HUF 70 bln to HUF 6.728 trillion Revaluations of FX loans reduced the overall stock by HUF 94.2 bln.

Corporate deposits rose by HUF 95.0 bln to HUF 5.208 trillion. Companies were net depositors of HUF 134.2 bln.

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