Corporate net debt rises to HUF 231 billion in August
Non-financial corporations took out net loans of HUF 231 billion from local lenders in August, the highest monthly amount in nearly a year, according to data released Friday by the National Bank of Hungary (MNB), according to a report from the state news agency. MTI.
This was more than three times the average monthly corporate net borrowing of HUF 70 billion in the twelve months to August.
The borrowing brought the banks‘ stock of corporate loans – including corporate bond subscriptions – to HUF 10,373 billion.
Corporations made net deposits of HUF 263 billion during the month, bringing the stock of corporate deposits to HUF 12.314 billion.
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