Companies' net borrowing rises to HUF 231 bln in August
Photo by Shutterstock.com
Non-financial companies took out net HUF 231 billion in loans from local lenders in August, the highest monthly amount in almost a year, data released by the National Bank of Hungary (MNB) on Friday show, according to a report by state news wire MTI.
The figure was over three times the HUF 70 bln monthly average net borrowing of companies in the twelve months to August.
That borrowing raised banks' corporate lending stock - including subscriptions of corporate bonds - to HUF 10.373 trillion.
Companies made net deposits of HUF 263 bln during the month, raising stock of corporate deposits to HUF 12.314 tln.
Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
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.
