MNB: SME lendings grew in the second quarter by 5 percent

Improving trends occured in the lendings of the credit institutions to the private sector. In this year's second quarter the loans to the small and medium-sized enterprises (SME sector) grew by 5 percent in an annual comparison – Oláh Zsolt, senior analyst of the Central Bank said on Friday in Budapest, at the press conference of the Hungarian National Bank (MNB).

Oláh Zsolt emphasized that new lendings expanded in case of the household sector as well especially a significant increase occured in case of home loans. In June, the loan disbursements exceeded repayments, so in the sixth months of the year household were net borrowers. (MTI)