Companies continue to make net repayments on loans in June

Banking

Image by Shutterstock.com

Corporate borrowers made net repayments of HUF 34.2 billion on their loans in June, state news wire MTI reports, citing data released by the National Bank of Hungary (MNB) on Wednesday.

Image by Shutterstock.com

Companies also made net repayments on loans in May (HUF 27.7 bln) and April (HUF 64.2 bln), while they were net borrowers in January-March.

The corporate lending stock of banks, including corporate bonds they subscribed, came to HUF 9.092 trillion at the end of June, up about HUF 55 bln from the start of the month because of revaluations of FX loans.

The forint weakened about 3.4% against the euro between June 2 and June 30.

Companies deposited net HUF 49 bln on their accounts in June. Total corporate deposit stock reached HUF 9,948 tln at the end of the month, boosted as well by a little more than HUF 68 bln in revaluations of FX deposits.

ADVERTISEMENT

Budget Must Adapt to Economic Environment - Varga MNB

Budget Must Adapt to Economic Environment - Varga

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

Gellért Berkes Named Property Management Head at ConvergenCE Appointments

Gellért Berkes Named Property Management Head at ConvergenCE

Guest Nights at Campsites, Hostels Climb Tourism

Guest Nights at Campsites, Hostels Climb

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.