Companies take out net HUF 209 bln of credit in July

Banking

Photo by Shutterstock.com

Non-financial companies borrowed net HUF 209 billion from credit institutions in July, state news wire MTI reports, citing monthly data published by the National Bank of Hungary (MNB).

The credit included HUF 61 bln in corporate bonds subscribed by lenders.

Banks' corporate lending stock reached HUF 10.247 trillion at the end of the month.

Companies made net deposits of HUF 187 bln during the month, raising corporate deposit stock to HUF 12.151 tln at the end of July.

ADVERTISEMENT

Recovery in Eurozone Private Sector Eases Fear of Recession Analysis

Recovery in Eurozone Private Sector Eases Fear of Recession

IMF Urges Hungarian Authorities to Carry out Structural Refo... Government

IMF Urges Hungarian Authorities to Carry out Structural Refo...

Graphisoft Park, OXO Shares to Trade in Euros From Feb 15 Deals

Graphisoft Park, OXO Shares to Trade in Euros From Feb 15

Mangalitsa Promotional Campaign Kicks Off Food

Mangalitsa Promotional Campaign Kicks Off

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.