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Central Bank Preferences Boost Green Lending

MNB

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.

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