The value of corporate loan repayments more than 30 days overdue in Hungary rose almost 60% to HUF 640 billion in the twelve months to the end of December, BISz, which operates the Central Credit Information System, said in a newsletter.
The value of loan repayments more than 30 days overdue rose more than HUF 100 billion in the last quarter of the year.
The percentage of businesses behind on loan repayments rose over 3.5% by year-end, the highest level of the past five years.
Total corporate lending stock in Hungary rose 3.4% to HUF 18,000 billion in 2008. The proportion of forint loans in the portfolio fell to 54%, because of revaluation losses and tighter lending conditions. Stock of loans with runs ending within a year was HUF 3,300 billion at the end of 2008.
The value of new lending contracts fell to HUF 1,400 billion in the fourth quarter, the lowest level in the last year and a half.
Retail borrowers were more than 90 days behind on repayments on 669,000 loans in 2008, up more than 50%from a year earlier. (MTI – Econews)