MNB pointed to a decline in new contract volume in both the retail and corporate segments, as well as a slowdown in the expansion of the loan book.
As lending rates have risen parallel with yields, lending conditions have tightened, MNB said, adding that banks' lending capacity, indicated by capital and liquidity positions, is "no hindrance" to lending.
Local lending market tendencies are similar to those across the region as well as in the eurozone, the report shows.
MNB noted that corporate lending stock rose by 14% last year, the fourth-highest rate in the European Union. A survey of lenders shows 47% of banks plan to boost that lending stock further in the first half of 2023.
Local lenders' retail loan book grew 6% last year, putting the country in the mid-range compared to its EU peers. About 38% of outlays to households were subsidized in one form or another.
Outlays of subsidized credit for home renovation projects awarded state grant money in the framework of a two-year program that wound up in December came to HUF 85 bln.
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