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Value of new corporate lending contracts flat in November

The value of new lending contracts Hungarian banks signed with non-financial companies was HUF 149.5 billion in November, practically level with the amounts in October and September, fresh data published by the National Bank of Hungary show.

The value of new corporate loans was HUF 168.1 billion in November 2009. The value peaked in the following twelve-month period at HUF 227.2 billion in March.

The value of new euro-based corporate loans came to the equivalent of HUF 94.4 billion in November, up from HUF 82.9 billion in the previous month but down from HUF 142.3 billion twelve months earlier. The value peaked in the twelve months to November at HUF 251.2 billion in June.

Companies put HUF 2,003.7 billion into forint fixed deposits in November, up from HUF 1,719.0 billion in October and HUF 1,705.4 billion twelve months earlier.

Companies put the equivalent of HUF 776.4 billion into euro fixed deposits in November, down from HUF 811.7 billion in October but up from HUF 600.2 billion twelve months earlier. (MTI – Econews)