Banksʼ corporate lending stock slightly down in June
shutterstock
The corporate lending stock of Hungarian banks edged down in June from the previous month, fresh data from the National Bank of Hungary (MNB) show, state news agency MTI reported.
The corporate lending stock of Hungarian banks was down HUF 2.4 billion at HUF 6,216.6 bln, according to non-adjusted data. Transactions decreased the lending stock by HUF 6.9 bln, while revaluations and other changes increased it by HUF 4.5 bln.
The stock of forint loans was down by HUF 10.4 bln because of transactions, while that of foreign currency loans was up by HUF 3.4 bln. Revaluations decreased the forint loan stock by HUF 1.5 bln, but increased the FX loan stock by HUF 6 bln.
Holdings by credit institutions of bonds issued by non-financial corporations increased by HUF 0.1 bln due to transactions, bringing the stock of bonds to HUF 80.2 bln.
Corporate deposits meanwhile rose by HUF 53.7 bln to HUF 6,655.1 bln in June. Deposits were up due to transactions by HUF 53 bln, while revaluations added a further HUF 0.7 bln.
According to the MNB, there were net outflows of HUF 85.3 bln from foreign currency deposits and net inflows of HUF 138.3 bln into forint deposits. Revaluations increased both FX deposits and forint deposits by HUF 0.3 bln.
The euro strengthened by around 0.35% against the forint between the end of May and the end of June, calculating with the central bankʼs daily fixing.
ÁKK Sells HUF 50 bln of Bonds at Auction, Over Plan
Hungary to Address Future of Cohesion Policy During EU Presi...
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.
