MNB: the stock of green loans reached a peak last year

Norbert Holczinger stated that the majority of the green loan stock, almost HUF 673 billion, financed companies, mostly energy production and electromobility. The importance of green corporate lending is shown by the fact that their total value increased by 75 percent compared to the previous year, while total corporate lending increased by 4 percent. At the end of 2023, green housing loans accounted for HUF 123 billion and green bonds accounted for HUF 85 billion of the remaining green loans.

According to the MNB’s green report, the climate risks of credit institutions have increased significantly, especially those financing agriculture and energy production. Overall, 16.26 percent of corporate credit exposures are risky from a green perspective, which is the highest value so far. At the same time, Norbert Holczinger assessed the upswing in real estate financing, including the lending of sustainable commercial properties, as a favorable process. Building energy modernization is also becoming increasingly popular among the general public, which is also important because two-thirds of the domestic real estate stock is still not up-to-date from this point of view.