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View Full Version : Hungary Banks' Credit Capacity Drops to 2008 Level, MNB Says - Bloomberg



NewsWhore
03-01-2012, 05:50 AM
Hungary Banks' Credit Capacity Drops to 2008 Level, MNB Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEHKN-Q8HQiibRpHfgfKAwp5YdtPw&url=http://www.bloomberg.com/news/2012-03-01/hungarian-banks-lending-capacity-drops-to-2008-level-mnb-says.html)
Bloomberg
The drop in lending capacity is driven by shrinking external funding and rising foreign-currency funding costs, it said. Hungary's banking industry turned unprofitable for the first time in 13 years in 2011 because of losses from foreign- currency ...

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