Corporate lending up, retail loans down in February

Telco

The corporate lending stock of Hungarian banks rose HUF 66 billion to total HUF 6.641 trillion in February, climbing on net borrowing as well as revaluations.  Meanwhile, the retail lending stock fell almost HUF 60 bln to HUF 5.749 tln in February, dropping on net repayments as well as write-offs.

Net borrowing added HUF 29.6 bln to the corporate lending stock, while revaluations, mostly on FX loans, added HUF 36.5 bln, state news wire MTI reported.

Corporate deposits rose HUF 150 bln to HUF 7.692 tln during the month. The increase was supported by HUF 33 bln in revaluations.

The retail lending stock of Hungarian banks was reduced HUF 14 bln by net repayments and almost HUF 46 bln by lendersʼ write-offs.   

The retail deposit stock was up HUF 95 bln at HUF 7.91 tln, boosted by almost HUF 20 bln in revaluations on FX deposits. 

Banksʼ stock of retail mortgages edged down HUF 13 bln to HUF 3.033 tln in February, but was up HUF 102 bln from twelve months earlier.

Hungary Account Deficit at EUR 561 mln in Q4 Debt

Hungary Account Deficit at EUR 561 mln in Q4

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.