Companies Borrow Over HUF 250 bln in July

Banking

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Non-financial companies took out net HUF 256 billion of loans from Hungarian banks in July, state news wire MTI reports, citing monthly data released by the National Bank of Hungary (MNB) on Wednesday.

Forint loans accounted for HUF 140 bln and FX loans for HUF 104 bln of net borrowing.

Banks' corporate lending stock rose to HUF 12.518 trillion at the end of the month.

Companies' deposits rose by a net HUF 494 bln during the month. FX deposits rose HUF 733 bln even as forint deposits fell by HUF 240 bln.

Deposit stock rose to HUF 15.005 tln at the end of July.

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