Companies Make Net Withdrawals of HUF 337 bln in September

Banking

Non-financial companies made net withdrawals of HUF 337 billion from their accounts at Hungarian banks in September, state news wire MTI writes, citing monthly data released by the National Bank of Hungary (MNB) on Friday.

Corporate deposit stock fell to HUF 14.852 trillion at the end of the month.

Companies took out net HUF 25 bln in credit from local lenders in September. Corporate lending stock, including subscriptions of corporate bonds, stood at HUF 13.514 tln at the end of the month.

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