Companies take out net HUF 209 bln of credit in July

Banking

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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.

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