Companies Make Net Withdrawals of HUF 337 bln in September

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.

Analysis

MBH Forecasts 1.8% Hungarian Growth and Inflation as Consumption Supports Recovery

Int'l Relations

All Hungarian University Students to Regain Erasmus Access by October, Official Says

ÁKK: Euro Adoption May Cut Hungary’s Debt Costs by 50%

Figures

Hungary’s Average Gross Earnings up 7.5% in July

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