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Banks see similar rises in corporate, retail lending in April

Non-financial companies were net borrowers of HUF 51 billion in April, lifting Hungarian banksʼ corporate lending stock to HUF 6.78 trillion, show monthly data released by the National Bank of Hungary (MNB) on Friday. Meanwhile, banksʼ retail lending stock rose by HUF 54 bln to HUF 5.82 tln in April.

Revaluations added a little more than HUF 1 bln to the stock of corporate lending during the month, state news agency MTI reported.

Banksʼ stock of corporate deposits rose by HUF 139 bln to HUF 7.78 tln.

Net borrowing in forints of almost HUF 53 bln supported the increase in the retail lending stock, but the MNB noted that almost half of that rise was due to loan purchases outside of the banking sector.

Banksʼ stock of retail deposits rose HUF 104 bln to nearly HUF 8.12 tln during the month.