Margin between corporate deposit, lending rates widens in June
The interest margin between short-term forint corporate deposit and lending rates increased from 1.91 to 2.29 percentage points in June, the National Bank of Hungary (MNB) reported on Friday.
The margin between euro-denominated corporate deposit and lending rates rose from 1.70 to 1.79 percentage points. The average interest rate on corporate loans other than overdrafts increased 44bp to 7.76% in June. Rates on overdrafts fell 27bp to 7.83%. Lending rates were 21bp higher than at the end of last year and fell 72bp from a year earlier. Rates for overdrafts fell 110bp in a year to the end of June, but stood only 8bp down from December 2005.
The average rate for forint loans to non-financial businesses up to the equivalent of €1 million, excluding overdrafts, increased 43bp to 8.27% in June, still 66bp down from a year earlier. The average lending rate for forint loans over the equivalent of €1 million stood at 7.27%, up 38bp from May, but down 72bp from June 2005.
Excluding overdrafts, non-financial businesses took out Ft 165.9 billion of loans in June, Ft 20.3 billion less than in May.
ADVERTISEMENT
Investment Volume Falls 2.8%Â in Q1
Parl't Approves Amendments to Legislation on Judiciary
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.
