Corporate lending by Hungarian banks up in November
The corporate lending stock of Hungarian banks rose in November from the previous month mainly due to transactions, show fresh data from the National Bank of Hungary (MNB), according to a report by state news agency MTI.
The corporate lending stock of banks was up HUF 79.8 billion at over HUF 7.605 trillion, according to non-adjusted data. Transactions increased the lending stock by HUF 100 bln, while revaluations and other changes decreased it by HUF 20.2 bln.
The stock of forint loans was up by HUF 59.1 bln because of transactions, while that of foreign currency loans was up by HUF 40.5 bln. Revaluations decreased the forint loan stock by HUF 6.1 bln, and the FX loan stock by HUF 12.9 bln.
Holdings by credit institutions of bonds issued by non-financial corporations decreased by HUF 1.2 bln due to revaluations, but were up HUF 0.4 bln because of transactions, bringing the stock of bonds to HUF 83 bln.
Corporate deposits meanwhile rose by HUF 382.2 bln to over HUF 8.767 tln in November. Deposits were up due to transactions by HUF 392.0 bln, while revaluations lowered the stock by HUF 9.7 bln.
According to the MNB, there were net inflows of HUF 217.2 bln into foreign currency deposits and HUF 174.7 bln into forint deposits. Revaluations decreased FX deposits by HUF 9.7 bln, while forint deposits were unchanged.
The euro weakened by 0.3% against the forint between the end of October and the end of November, calculating with the central bankʼs daily fixing.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
