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Corporate lending stock falls in December

The corporate lending stock of Hungarian banks fell in December from the previous month on net repayments and revaluations, fresh data from the National Bank of Hungary (MNB) show.

The corporate lending stock of banks was down HUF 72.3 billion at HUF 7.533 trillion, according to seasonally unadjusted data. Net repayments reduced the stock by HUF 37.9 bln, and revaluations and other changes by HUF 34.5 bln.

The corporate bond stock was little changed at HUF 82.4 bln.

Corporate deposits fell HUF 125.7 bln to HUF 8.642 tln in December. Net withdrawals came to HUF 104.8 bln and revaluations lowered the stock by HUF 20.9 bln.

Companies made net withdrawals of HUF 142 bln from FX deposits and net deposits of HUF 37.2 bln in forint accounts.

The euro weakened by 0.6% against the forint between the end of November and the end of December, calculating with the central bankʼs daily fixing.