The member banks of Magyar Bankholding continue to be market leaders in the financing of the food industry

By: Trademagazin Date: 2022. 12. 13. 10:56

Since the beginning of the year, the member banks of Magyar Bankholding have achieved above-market growth in lending to the agri-food industry, which together remain the market leaders in financing the domestic food industry. The total agricultural and food industry loan portfolio of MKB Bank and Takarékbank increased by around 20 percent between January and September 2022 and approached HUF 530 billion. The nominal growth of the stock was approximately HUF 90 billion, the majority of which was accounted for by the expansion of the current asset loan stock.

For the time being, there is no sign of a decline in the desire to invest among the clients of the banking group

The banking group’s independent agricultural and food industry business branch, which serves almost 40,000 agribusinesses, from the smallest primary producers to large food industry companies and agricultural integrators, has a market share of about 25 percent in the financing of the agri-food industry, and has disbursed almost a third, about 30 percent, of agricultural loans.

The business sector achieved growth mostly in terms of working capital loans disbursed among large companies, and it also maintains its clear leading role in the financing of small and large agricultural enterprises. In the field of working capital loans, the total market increase since the beginning of the year amounted to about HUF 160 billion, half of which was provided by member banks of Magyar Bankholding. According to analysts of the business sector, there is no sign of a decrease in the desire to invest among the clients of the banking group.