MNB: Corporate lending stock of Hungarian banks fall in March
Corporate lending stock of Hungarian banks fell in March from the previous month as companies made loan repayments and the value of loans diminished, fresh data from the National Bank of Hungary (MNB) shows.
Corporate lending stock of the banks fell almost HUF 298 bln to HUF 6.43 trillion. Revaluations of FX loans reduced the overall stock by HUF 44.9 bln; revaluations of forint loans reduced the stock by HUF 54.7 bln.
The stock of forint loans fell by HUF 78.2 bln and that of foreign currency loans by HUF 108.8 bln, due to transactions. Holdings of bonds issued by non-financial corporations fell by HUF 10.6 bln.
Corporate deposits also diminished, in total by about HUF 130 bln to HUF 5.07 trillion.
According to seasonally unadjusted data, there were net withdrawals of HUF 97.6 bln from forint deposits and net inflows of HUF 10.7 bln into foreign currency deposits. Revaluations diminished deposits by HUF 43.5 bln.
The forint firmed about 1.2% to the euro between the end of February and the end of March, calculating with the central bankʼs daily fixing.
Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...
Gov't Considering Fuel Price Intervention
AutoWallis Group Registers Strong Vehicle Sales in Q1
Time Out Market to Open in Budapest Next Year
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.
