Banks signed new contracts with corporate clients for EUR-based loans of the equivalent of HUF 251.2 billion in June. The value of new HUF loans was HUF 174.7 billion.

The value of new EUR-based loans was up sharply from HUF 104.1 billion in May and HUF 138.4 billion in the same month a year earlier. Companies paid an average rate of 3.24% on the loans, adjusted for size, down from 3.46% a year earlier.

New EUR-based overdrafts came to HUF 193.2 billion in June, up from HUF 174.5 billion in May and HUF 181.4 billion twelve months earlier.

Companies put HUF 593.2 billion into fixed EUR deposits in June, up from HUF 665.2 billion in the previous month and HUF 876.6 billion twelve months earlier. Banks paid an average rate of 1.58% on these deposits, up from just 0.40% twelve months earlier. Companies put HUF 572.5 billion into sight deposits, up from HUF 566.7 billion in May and HUF 543.6 billion in June 2009.

The value of new HUF loans in June was up from HUF 144.6 billion in May, but down from HUF 188.0 billion twelve months earlier. Companies paid an average weighted rate of 7.88% on the loans in June, down from 8.15% in the previous month and 12.06% in June 2009.

Forint overdrafts came to HUF 700.1 billion in June, down from HUF 730.8 billion in May and HUF 769.9 billion twelve months earlier.

Companies put HUF 1,925.6 billion into fixed HUF deposits in June, up from HUF 1,749.2 billion in May and HUF 1,825.7 billion twelve months earlier. Banks paid an average rate of 4.78% on these deposits, down from 4.91% in the previous month and 9.17% twelve months earlier. About HUF 1,300 billion went into sight deposits, up from HUF 1,242.1 billion in May and HUF 1,222.9 billion twelve months earlier. (MTI-ECONEWS)