The loan stock of agriculture increased, that of the food industry decreased

By: STA Date: 2024. 04. 05. 09:30

Based on the data of the Ministry of Agriculture, the credit portfolio of the agricultural sectors increased by 3.5 percent in the case of agriculture compared to the same period of the previous year, and decreased by 2.0 percent in the case of the food industry. The credit portfolio of agriculture increased by HUF 34.9 billion, while that of the food industry decreased by HUF 15.3 billion.

As a result of all this, the credit stock of agriculture reached HUF 1,039.6 billion, and that of the food industry reached HUF 747.3 billion by the end of the fourth quarter of 2023. The share of the combined loan portfolio of the agricultural sectors was 14.2 percent compared to the value of the national economy.

Social enterprises accounted for more than half of the agricultural loan stock, which amounted to HUF 670.6 billion. The 35.5 percent share of individual farms corresponded to HUF 369.0 billion.

Almost the entire loan portfolio of food industry enterprises (HUF 740.8 billion) financed social enterprises. The HUF 6.5 billion loan portfolio of individual enterprises was insignificant compared to that of partnerships.

AKI PÁIR