Consolidated Balance Sheet of MFIs May 2008

The rate of bank lending seems to be decidedly slowing in Hungary at the present time, presumebaly in part at least as a result of the monetary tightening. Short-term loans, at HUF 2,742.0 billion, were down HUF 32.9 billion in May. Loans with a maturity of over one year fell by HUF 113.3 billion to HUF 4,679.6 billion. Within longer-term term loans, loans with a maturity of up to five years fell by HUF 41.2 billion to HUF 1,944.5 billion and loans with a maturity of over five years by HUF 72.0 billion to HUF 2,735.1 billion. Short-term loans and loans with a maturity of over five years both accounted for 36.9% of total loans. The percentage share of loans with a maturity of up to five years remained unchanged at 26.2%.



The stock of forint loans rose by HUF 8.6 billion to HUF 244.8 billion and that of foreign currency fell by HUF 90.1 billion to HUF 1,583.4 billion. Exchange rate changes reduced the value of foreign currency loans by HUF 94.2 billion and transactions increased it by HUF 4.1 billion.

The percentage share of foreign currency loans with a maturity of up to one year fell from 32.5% to 28.2%, that of loans with a maturity of over one year and up to five years from 56.0% to 53.1% and that of loans with a maturity of over five years from 70.8% to 68.3%. The total stock of foreign currency loans, at HUF 3,674.8 billion, was HUF 328.7 billion lower than in April. Here, exchange rate changes and transactions accounted for HUF 203.4 billion and HUF 125.3 billion, respectively, of the fall in the value of loans.




Within loans granted to households, the share of housing loans edged down from 52.2% to 52.0%, while the stock of housing loans fell by HUF 59.3 billion. Foreign currency loans fell from 50.9% to 50.4% as a percentage of housing loans. The percentage share of consumer credit within the total stock of loans to households rose from 42.4% to 42.6%, while the outstanding amount of loans fell by HUF 28.2 billion to HUF 2,667.7 billion. Foreign currency loans fell from 71.6% to 70.4% as a percentage of total consumer credit. The share of other loans edged up form 5.3% to 5.4%, but their stock fell by HUF 3.2 billion. Here, the percentage share of foreign currency loans fell 39.3% to 36.5%.