Hungary factoring turnover rises 39%

Factoring turnover in Hungary rose by 39% in the first half of 2016 compared to the corresponding period of 2015, the head of the Hungarian Factoring Association has announced

No effects seen from National Bank programme to increase lending

Hungarian lenders outstanding stock of forint (Hungarian currency) loans to non-financial companies fell further in June, indicating that the effect of an ongoing National Bank of Hungary scheme to boost lending to small and medium-sized firms (SME) is not yet visible.