Central Bank Preferences Boost Green Lending
Photo by T. Schneider / Shutterstock.com
Preferential capital requirements for financing environmentally-friendly investments helped lift lenders' green corporate exposure by 50% to HUF 329 billion last year, the National Bank of Hungary (MNB) said in a report published on Wednesday, according to a report by state news wire MTI.
The central bank noted that the stock of green corporate loans rose well over the 15.5% increase in the entire corporate loan book.
Green credit accounted for 2.62% of the corporate portfolio at the end of 2022, increasing 0.6 percentage points from a year earlier.
The report shows the stock of green home loans rose to HUF 98 bln from HUF 9 bln during the period.
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.