The Hungarian national bank is reporting that the volume of corporate lending grew in the second quarter of 2014, continuing an improving trend that’s been underway since the third quarter of 2013. SME loans grew by 1 percent, while the overall corporate portfolio over a one-year period was positive “for the first time in a long time.” The volume of household loans, on the other hand, fell by HUF 61bn, thanks to a 10-percent reduction in foreign currency loans, although the level of loans in forint grew by 1.3 percent. One-third of the banks reported easier lending standards for housing loans as well as for unsecured consumer credit.
