Transactions lift corporate lending stock in May

Banking

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Non-financial companies were net borrowers to the tune of HUF 75 billion in May, but withdrew net HUF 27 bln from deposits, state news wire MTI reports citing monthly data released by the National Bank of Hungary (MNB).

Hungarian banks' corporate lending stock reached HUF 11.894 tln at the end of the month, boosted by the impact of the weaker forint on FX credit, too.

Corporate deposit stock stood at HUF 14.4 tln at the end of June.

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